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Strong underwriting offsets catastrophe losses for reinsurer

The charitable arm of Lancashire Insurance plans to adjust major donations by 10 per cent for inflation

Retiring Lancashire Syndicates CEO John Spence will be succeeded by Rachel Sabbarton

Non-executive director, Nathalie Rachou, will become chair of the Investment Committee after the AGM in April

The Bermudian-based company said this falls within the company’s modelled loss range for this type of catastrophe event

It is among a raft of senior leadership changes, including a new role for Huw Jones as chief underwriting officer

Nathalie Rachou has joined the board, and Bob Cox has accepted an appointment to join, effective January 1

News comes as the Bermudian-based insurer and reinsurer issues a trading statement for the nine months ended September 30

Industry veteran formerly held leadership roles at Axis Capital

That figure compares with $159.2 million in the same period in 2023

CEO Alex Maloney says the market impact of the tragic Baltimore bridge disaster late in the quarter is still being assessed

Lancashire Holdings Limited has reported a strong start to the year, including record first quarter gross premiums written