(Alliance News) – Lancashire Holdings Ltd announced on Thursday that it is on track to publish annual results in line with its forecasts.
The Bermuda-based insurer in Hamilton stated that its gross written premiums fell by 6.1% in the first quarter, amounting to USD 668.4 million compared to USD 712.1 million a year earlier.
“Excluding the impact of replenishment premiums related to the California forest fires, the underlying decrease in gross written premiums is only 1.2%,” Lancashire specified.
Insurance revenue increased by 2.1%, rising from USD 458.9 million to USD 468.6 million.
Lancashire stated that it only has “limited exposure” to the conflict in the Middle East.
Chief Executive Alex Maloney stated: “Clearly, the period has been marked by very high geopolitical volatility, resulting in increased economic uncertainty. Lancashire’s exposure to current events in the Middle East is limited and fits perfectly with our risk appetite.”
“Lancashire has had a positive start to 2026, staying true to our fundamental principle of active cycle management. Thanks to this strong first quarter, we are able to deliver results in line with our annual targets.”
Lancashire’s shares rose by 0.6% to 569.50 pence each in London on Thursday morning.
By Eric Cunha, Chief Editor at Alliance News
Comments and questions to newsroom@alliancenews.com
Copyright 2026 Alliance News Ltd. All rights reserved.
/t:r(unknown)/fit-in/1100x2000/filters:format(webp)/medias/CuRqpISqIC/image/Quatre_mobilisations_sont_organis_es_en_Eure_et_Loir_pour_le_1er_mai___Radio_Intensit_1777563010453.jpeg "RADIO INTENSITE")
