Lancashire Holdings Ltd. and its subsidiaries have announced they do not have any holdings in securities issued by Lehman Brothers, Washington Mutual or American International Group.

Lancashire also has no exposure to common or preferred shares issued by Fannie Mae or Freddie Mac.

The insurance company said its investment strategy includes maintaining an underweight position in the financial sector relative to established market benchmarks. As of the close of business on Thursday, the market value of the largest direct holding of securities in a single issuer in the financial sector was approximately $9.6 million.