Lancashire Group

Lancashire group CEO Alex Maloney said capital providers are pushing on return and risk disclosures.

The group reported a benign first quarter for claims with no new major net losses.

The business is achieving a 10 percent uplift in pricing.

Basic fee income was up year on year, although 2017 losses meant it made no profit commission.

Hurricane Michael and the California wildfires have trapped a significant portion of retro capacity, the analysts said.

The Q3 income offset losses recorded in H1.

Lancashire’s asset management platform took a second consecutive quarter of losses, but its fee income was up after raising additional capital.

Former CEO Rick Welsh has left the company as it prepares for a rebrand.

Lancashire's $500mn sidecar took a loss in Q1 but grew its premium base by a third.

An "awful lot" of trapped ILS capital may turn out to be lost capital as 2017 claims evolve, chief underwriting officer at QBE Re Jonathan Parry said during a panel debate at Trading Risk's London ILS event last week.