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LRE Lancashire Holdings Limited

619.00
-5.00 (-0.80%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Lancashire Holdings Limited LSE:LRE London Ordinary Share BMG5361W1047 COM SHS USD0.50
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -5.00 -0.80% 619.00 617.00 618.00 625.00 609.00 609.00 613,642 16:35:26
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Fire, Marine, Casualty Ins 577.2M 321.5M 1.3460 4.59 1.48B

Lancashire Hld Ltd Notice of Results

23/09/2019 6:17pm

UK Regulatory


 
TIDMLRE 
 
LANCASHIRE HOLDINGS LIMITED 
 
23 September 2019 
 
Hamilton, Bermuda 
 
            Notice of Q3 2019 Trading Statement and Conference Call 
 
Lancashire Holdings Limited ("Lancashire" or "the Company") will be releasing 
its 2019 third quarter trading statement at 7:00am UK time on Thursday 7 
November 2019 and hosting an analyst and investor conference call at 1:00pm UK 
time / 8:00am EST on Thursday 7 November 2019. The conference call will be 
hosted by Lancashire management. 
 
Participant Access: 
 
Dial in 5-10 minutes prior to the start time using the number / confirmation 
code below: 
 
United Kingdom Toll-Free: 08003589473 
 
United Kingdom Toll: +44 3333000804 
 
United States Toll-Free: +1 855 85 70686 
 
United States Toll: +1 6319131422 
 
PIN code: 18830240# 
 
URL for additional international dial in numbers: https://events.arkadin.com/ev 
/docs/NE_W2_TF_Events_International_Access_List.pdf 
 
The call can also be accessed via webcast, for registration and access: 
 
https://event.on24.com/wcc/r/2093472/6E4A4119C023E48996A429E6B490D59D 
 
A webcast replay facility will be available for 12 months and accessible at: 
https://www.lancashiregroup.com/en/investors/ 
results-reports-and-presentations.html 
 
 
For further information, please contact: 
 
Lancashire Holdings Limited 
Christopher Head                    +44 20 7264 4145 
                                    chris.head@lancashiregroup.com 
 
Jelena Bjelanovic                   +44 20 7264 4066 
                                    jelena.bjelanovic@lancashiregroup.com 
 
FTI Consulting                      +44 20 37271046 
 
Edward Berry                        Edward.Berry@FTIConsulting.com 
 
Tom Blackwell                       Tom.Blackwell@FTIConsulting.com 
 
About Lancashire 
 
Lancashire, through its UK and Bermuda-based operating subsidiaries, is a 
provider of global specialty insurance and reinsurance products. The Group 
companies carry the following ratings: 
 
                          Financial     Financial    Long Term 
                          Strength      Strength     Issuer 
                          Rating (1)    Outlook (1)  Rating (2) 
 
A.M. Best                 A (Excellent) Stable       bbb+ 
 
S&P Global Ratings        A-            Stable       BBB 
 
Moody's                   A3            Stable       Baa2 
 
(1) Financial Strength Rating and Financial Strength Outlook apply to 
Lancashire Insurance Company Limited and Lancashire Insurance Company (UK) 
Limited. 
 
(2) Long Term Issuer Rating applies to Lancashire Holdings Limited. 
 
Cathedral benefits from Lloyd's ratings: A.M. Best: A (Excellent); S&P Global 
Ratings: A+ (Strong); and Fitch: AA- (Very Strong). 
 
Lancashire has capital of approximately $1.4 billion and its common shares 
trade on the premium segment of the Main Market of the London Stock Exchange 
under the ticker symbol LRE. Lancashire has its head office and registered 
office at Power House, 7 Par-la-Ville Road, Hamilton HM 11, Bermuda. 
 
For more information, please visit Lancashire's website at 
www.lancashiregroup.com . 
 
The Bermuda Monetary Authority ("BMA") is the Group Supervisor of the 
Lancashire Group with effect from 1 January 2019. 
 
Lancashire Insurance Company Limited is regulated by the BMA, with its 
registered office at Power House, 7 Par-la-Ville Road, Hamilton HM 11, Bermuda. 
 
Lancashire Insurance Company (UK) Limited is authorised by the Prudential 
Regulation Authority ("PRA") and regulated by the Financial Conduct Authority 
("FCA") and the PRA, with its registered office at Level 29, 20 Fenchurch 
Street, London EC3M 3BY, United Kingdom. 
 
Cathedral Underwriting Limited is authorised by the PRA and regulated by the 
FCA and the PRA. It is also authorised and regulated by Lloyd's, with its 
registered office at Level 29, 20 Fenchurch Street, London EC3M 3BY, United 
Kingdom. 
 
Kinesis Capital Management Limited is regulated by the BMA, with its registered 
office at Power House, 7 Par-la-Ville Road, Hamilton HM 11, Bermuda. 
 
This release contains information, which may be of a price sensitive nature 
that Lancashire is making public in a manner consistent with the EU Market 
Abuse Regulation and other regulatory obligations. The information was 
submitted for publication, through the agency of the contact persons set out 
above, at 18:20 GMT on 23 September 2019. 
 
NOTE REGARDING FORWARD-LOOKING STATEMENTS: 
 
CERTAIN STATEMENTS AND INDICATIVE PROJECTIONS (WHICH MAY INCLUDE MODELLED LOSS 
SCENARIOS) MADE IN THIS RELEASE OR OTHERWISE THAT ARE NOT BASED ON CURRENT OR 
HISTORICAL FACTS ARE FORWARD-LOOKING IN NATURE INCLUDING, WITHOUT LIMITATION, 
STATEMENTS CONTAINING THE WORDS "BELIEVES", "ANTICIPATES", "PLANS", "PROJECTS", 
"FORECASTS", "GUIDANCE", "INTS", "EXPECTS", "ESTIMATES", "PREDICTS", "MAY", 
"CAN", "LIKELY",  "WILL", "SEEKS", "SHOULD", OR, IN EACH CASE, THEIR NEGATIVE 
OR COMPARABLE TERMINOLOGY. ALL SUCH STATEMENTS OTHER THAN STATEMENTS OF 
HISTORICAL FACTS INCLUDING, WITHOUT LIMITATION, THE GROUP'S FINANCIAL POSITION, 
TAX RESIDENCY, LIQUIDITY,  RESULTS OF OPERATIONS,  PROSPECTS,  GROWTH, CAPITAL 
MANAGEMENT PLANS AND EFFICIENCIES, ABILITY TO CREATE VALUE, DIVID POLICY, 
OPERATIONAL FLEXIBILITY, COMPOSITION OF MANAGEMENT, BUSINESS STRATEGY, PLANS 
AND OBJECTIVES OF MANAGEMENT FOR FUTURE OPERATIONS (INCLUDING DEVELOPMENT PLANS 
AND OBJECTIVES RELATING TO THE GROUP'S INSURANCE BUSINESS) ARE FORWARD-LOOKING 
STATEMENTS. SUCH FORWARD-LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, 
UNCERTAINTIES AND OTHER IMPORTANT FACTORS THAT COULD CAUSE THE ACTUAL RESULTS, 
PERFORMANCE OR ACHIEVEMENTS OF THE GROUP TO BE MATERIALLY DIFFERENT FROM FUTURE 
RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH 
FORWARD-LOOKING STATEMENTS. 
 
THESE FACTORS INCLUDE, BUT ARE NOT LIMITED TO: THE ACTUAL DEVELOPMENT OF LOSSES 
AND EXPENSES IMPACTING ESTIMATES FOR HURRICANE MICHAEL AND THE WILDFIRES WHICH 
IMPACTED PARTS OF CALIFORNIA DURING THE FOURTH QUARTER OF 2018, HURRICANE 
FLORENCE, THE TYPHOONS AND MARINE LOSSES THAT OCCURRED IN THE THIRD QUARTER OF 
2018, HURRICANES HARVEY, IRMA AND MARIA AND THE EARTHQUAKES IN MEXICO THAT 
OCCURRED IN THE THIRD QUARTER OF 2017 AND THE WILDFIRES WHICH IMPACTED PARTS OF 
CALIFORNIA DURING THE FOURTH QUARTER OF 2017; THE IMPACT OF COMPLEX AND UNIQUE 
CAUSATION AND COVERAGE ISSUES ASSOCIATED WITH ATTRIBUTION OF LOSSES TO WIND OR 
FLOOD DAMAGE OR OTHER PERILS SUCH AS FIRE OR BUSINESS INTERRUPTION RELATING TO 
SUCH EVENTS; POTENTIAL UNCERTAINTIES RELATING TO REINSURANCE RECOVERIES, 
REINSTATEMENT PREMIUMS AND OTHER FACTORS INHERENT IN LOSS ESTIMATION; THE 
GROUP'S ABILITY TO INTEGRATE ITS BUSINESSES AND PERSONNEL; THE SUCCESSFUL 
RETENTION AND MOTIVATION OF THE GROUP'S KEY MANAGEMENT; THE INCREASED 
REGULATORY BURDEN FACING THE GROUP; THE NUMBER AND TYPE OF INSURANCE AND 
REINSURANCE CONTRACTS THAT THE GROUP WRITES OR MAY WRITE; THE GROUP'S ABILITY 
TO IMPLEMENT SUCCESSFULLY ITS BUSINESS STRATEGY DURING 'SOFT' AS WELL AS 'HARD' 
MARKETS; THE PREMIUM RATES WHICH MAY BE AVAILABLE AT THE TIME OF SUCH RENEWALS 
WITHIN THE GROUP'S TARGETED BUSINESS LINES; THE POSSIBLE LOW FREQUENCY OF LARGE 
EVENTS; POTENTIALLY UNUSUAL LOSS FREQUENCY; THE IMPACT THAT THE GROUP'S FUTURE 
OPERATING RESULTS, CAPITAL POSITION AND RATING AGENCY AND OTHER CONSIDERATIONS 
MAY HAVE ON THE EXECUTION OF ANY CAPITAL MANAGEMENT INITIATIVES OR DIVIDS; 
THE POSSIBILITY OF GREATER FREQUENCY OR SEVERITY OF CLAIMS AND LOSS ACTIVITY 
THAN THE GROUP'S UNDERWRITING, RESERVING OR INVESTMENT PRACTICES HAVE 
ANTICIPATED; THE RELIABILITY OF, AND CHANGES IN ASSUMPTIONS TO, CATASTROPHE 
PRICING, ACCUMULATION AND ESTIMATED LOSS MODELS; INCREASED COMPETITION FROM 
EXISTING ALTERNATIVE CAPITAL PROVIDERS, INSURANCE LINKED FUNDS AND 
COLLATERALISED SPECIAL PURPOSE INSURERS AND THE RELATED DEMAND AND SUPPLY 
DYNAMICS AS CONTRACTS COME UP FOR RENEWAL; THE EFFECTIVENESS OF THE GROUP'S 
LOSS LIMITATION METHODS; THE POTENTIAL LOSS OF KEY PERSONNEL; A DECLINE IN THE 
GROUP'S OPERATING SUBSIDIARIES' RATING WITH A.M. BEST, S&P GLOBAL RATINGS, 
MOODY'S OR OTHER RATING AGENCIES; INCREASED COMPETITION ON THE BASIS OF 
PRICING, CAPACITY, COVERAGE TERMS OR OTHER FACTORS; CYCLICAL DOWNTURNS OF THE 
INDUSTRY; THE IMPACT OF A DETERIORATING CREDIT ENVIRONMENT FOR ISSUERS OF FIXED 
MATURITY INVESTMENTS; THE IMPACT OF SWINGS IN MARKET INTEREST RATES, CURRENCY 
EXCHANGE RATES AND SECURITIES PRICES; CHANGES BY CENTRAL BANKS REGARDING THE 
LEVEL OF INTEREST RATES; THE IMPACT OF INFLATION OR DEFLATION IN RELEVANT 
ECONOMIES IN WHICH THE GROUP OPERATES; THE EFFECT, TIMING AND OTHER 
UNCERTAINTIES SURROUNDING FUTURE BUSINESS COMBINATIONS WITHIN THE INSURANCE AND 
REINSURANCE INDUSTRIES; THE IMPACT OF TERRORIST ACTIVITY IN THE COUNTRIES IN 
WHICH THE GROUP WRITES RISKS; A RATING DOWNGRADE OF, OR A MARKET DECLINE IN, 
SECURITIES IN THE GROUP'S INVESTMENT PORTFOLIO; CHANGES IN GOVERNMENTAL 
REGULATIONS OR TAX LAWS IN JURISDICTIONS WHERE THE GROUP CONDUCTS BUSINESS; 
LANCASHIRE OR ANY OF THE GROUP'S BERMUDIAN SUBSIDIARIES BECOMING SUBJECT TO 
INCOME TAXES IN THE UNITED STATES OR IN THE UNITED KINGDOM; THE IMPACT OF THE 
CHANGE IN TAX RESIDENCE ON STAKEHOLDERS OF THE COMPANY; AND THE IMPACT OF 
"BREXIT" (FOLLOWING THE UK'S NOTIFICATION TO THE EUROPEAN COUNCIL UNDER ARTICLE 
50 OF THE TREATY ON EUROPEAN UNION ON 29 MARCH 2017) AND FUTURE NEGOTIATIONS 
REGARDING THE UK'S RELATIONSHIP WITH THE EU ON THE GROUP'S BUSINESS, REGULATORY 
RELATIONSHIPS, UNDERWRITING PLATFORMS OR THE INDUSTRY GENERALLY. 
 
ALL FORWARD-LOOKING STATEMENTS IN THIS RELEASE SPEAK ONLY AS AT THE DATE OF 
PUBLICATION. LANCASHIRE EXPRESSLY DISCLAIMS ANY OBLIGATION OR UNDERTAKING (SAVE 
AS REQUIRED TO COMPLY WITH ANY LEGAL OR REGULATORY OBLIGATIONS INCLUDING THE 
RULES OF THE LONDON STOCK EXCHANGE) TO DISSEMINATE ANY UPDATES OR REVISIONS TO 
ANY FORWARD-LOOKING STATEMENT TO REFLECT ANY CHANGES IN THE GROUP'S 
EXPECTATIONS OR CIRCUMSTANCES ON WHICH ANY SUCH STATEMENT IS BASED. ALL 
SUBSEQUENT WRITTEN AND ORAL FORWARD-LOOKING STATEMENTS ATTRIBUTABLE TO THE 
GROUP OR INDIVIDUALS ACTING ON BEHALF OF THE GROUP ARE EXPRESSLY QUALIFIED IN 
THEIR ENTIRETY BY THIS NOTE. PROSPECTIVE INVESTORS SHOULD SPECIFICALLY CONSIDER 
THE FACTORS IDENTIFIED IN THIS RELEASE WHICH COULD CAUSE ACTUAL RESULTS TO 
DIFFER BEFORE MAKING AN INVESTMENT DECISION. 
 
 
 
END 
 

(END) Dow Jones Newswires

September 23, 2019 13:17 ET (17:17 GMT)

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