Lancashire Capital Management H1 premiums drop 69%
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Lancashire Capital Management H1 premiums drop 69%

lancashire bermuda.jpg

Gross premiums written by Lancashire Capital Management (LCM) dropped to under $40mn in H1, down from $124.5mn a year earlier, as the ILS platform delivered higher profits but lower fee income to its parent.

Third-party income: The insurer made a $2.4mn profit from its 10% share of LCM’s portfolio – up from a small $0.3mn

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