Share Name Share Symbol Market Type Share ISIN Share Description
Lancashire Holdings 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
  +12.00p +1.87% 653.50p 653.50p 654.50p 659.50p 638.50p 638.50p 146,421 12:42:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonlife Insurance 447.3 121.8 62.4 11.5 1,303.74

Lancashire Holdings Share Discussion Threads

Showing 1226 to 1248 of 1250 messages
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DateSubjectAuthorDiscuss
18/9/2017
07:32
Statement from Hiscox on Hurricane Harvey: "Based on an insured market loss of US$25 billion (excluding the government backed National Flood Insurance Program), Hiscox estimates net claims of approximately US$150 million. This is within the Group's modelled range of claims for an event of this nature, and reinsurance protections for the Group remain substantially intact." CEO comment: "2017 will be an expensive year for natural catastrophes but the industry can cope. Insurance remains a cyclical business and after a long period of price reductions, insurance rates in the affected areas and in specific sectors such as large property are likely to increase. In the wider global insurance market for large risks, we expect rates to stabilise and begin to increase."
gsbmba99
11/9/2017
13:04
No kidding^. Now 4*AvgVol @712k a/o 1pm Add: 5.3*@3.15pm
jrphoenixw2
11/9/2017
12:35
Great to see this bounce back so strongly
mister md
11/9/2017
11:15
10.30 this morning 'The damages could, however, come in at less than $50bn compared to a previous estimate of around $192bn, according to LCG analyst Ipek Ozkardeskaya.'
jrphoenixw2
11/9/2017
10:40
Irma tracked further west than forecast and lost strength earlier than forecast, meaning it will be a significantly smaller loss for the insurance industry than looked likely late last week. AIR have just estimated $20bn-$40bn.
effortless cool
11/9/2017
09:58
Now triple avg daily vol at 9.56am. 534k/178k
jrphoenixw2
11/9/2017
09:24
looks like others had same idea as me
pogue
11/9/2017
09:04
@9.01am Vol/Average = 375,919/177,902 ie over double avg daily in the opening hour. Px +7.4%
jrphoenixw2
11/9/2017
08:00
Thanks bulltradept for the info still no way of quantifying it I guess so its a punt at these prices on how much exposure there is. I am thinking along the lines of buy on the rumours and sell on the news as I cant see them being that exposed.
pogue
10/9/2017
19:03
Pogue, It is exposed though as the IC states: July 28, 2017 A lack of major claims meant that premiums continued to soften in the Lloyd’s of London market, but Lancashire (LRE) resisted the temptation to chase unprofitable business in the first half. At the same time, reinsurance remained attractively priced, and more protection for hurricane risk was bought than in previous years. And with risk levels at historic lows, if there are no major events in the coming hurricane season Lancashire expects to return capital to shareholders later in the year. Gross property premiums written fell by 13.6 per cent, mainly because multi-year contracts in the political risk and terrorism classes are not yet due for renewal. Energy gross premiums were also down, falling by 18 per cent, while the timing on non-annual renewals helped to boost marine gross premiums by 56.7 per cent, and in the Lloyd’s section premiums fell by 12.9 per cent. Aviation premiums were down by more than a half. The major declines came in the energy, property and terrorism books as overcapacity in the market continued to put downward pressure on rates. Net investment income fell 8.1 per cent (see table), equating to a return of 1.5 per cent. Analysts at Numis are forecasting EPS of 52.2p for the year to December 2017, from pre-tax profit of $150m, down from 61.2p in 2016. Hence why LRE is where it is today, I'd suggest.
bulltradept
09/9/2017
10:50
Thank you for 'teaching' me Effortless Cool though I am not sure what I have actually learned. You appear like the rest of us not to actually know what LRE is exposed to in this hurricane season neither does anyone else here know, their published company information is not very specific and their only public statement was positive but had a couple of big if's in it.
pogue
08/9/2017
20:46
A little more about Cat reinsurance, but may not be directly applicable to LRE. http://www.zerohedge.com/news/2017-09-08/how-hedge-funds-are-preparing-weekends-catastrophe
eeza
08/9/2017
13:54
pogue, I'm afraid that I have spent enough time trying to teach you and others on here basic insurance knowledge. Have yourself a good weekend; it is certainly going to be an interesting one ....
effortless cool
08/9/2017
13:49
I read all the online information last night, whilst tired, but the only property insurance I remember was a figure for the whole of USA. I could not find anything specifying what they covered industrial plants for shutdowns due to hurricanes. I still cannot see anything that justifies the large drop. If you could point out the specifics that show the reason I would be very grateful.
pogue
08/9/2017
09:41
Looking at LRE's 2016 accounts, the $156m 1-in-100 loss is actually not a PML, but an estimated loss (i.e. a best estimate). Most of their exposure seems to relate to Property Catastrophe Treaties.
effortless cool
08/9/2017
09:32
PML is Probable Maximum Loss. It represents a pessimistic assumption of the losses that an insurer or reinsurer would incur as a result of a specific event. Anyone who thinks that a portfolio of predominately large commercial facultative exposures is in some way immune to loss from a cat 4 or cat 3 hurricane is deluding themselves. There is not only the property damage exposure, but also business interruption. The latter could be massive if Irma runs through the centre of Florida, as now currently forecast, and decimates the infrastructure. LRE will also pick up excess of loss treaty exposure through Cathedral.
effortless cool
08/9/2017
08:09
Re: ECool/1195 I'm not trying to engage in semantics but doesn't the PML reflect the value of what they insure rather than it's nature?
jrphoenixw2
08/9/2017
07:57
Like pogue I've yet to make a major connection on what lies at the root of LREs exposure here. The mood and chat is that they're exposed, but it's unclear [IMPO] in what way. Perhaps someone who can see it could kindly suggest where the liability lies, or if necessary how it is structured direct/re/? To illustrate my disconnect, AFAIUI LRE insure power stations, rigs, airports, shipping fleets etc. When the Deepwater Horizon disaster unfolded I clearly saw the connections vs LRE, I'm not quite joining the dots on this hurricane yet... re: ECool comment above. Does the reinsurance activity go beyond the kind of risks underwritten in their 'direct core book'?
jrphoenixw2
07/9/2017
21:16
Their PML reflects what they insure.
effortless cool
07/9/2017
20:58
I expect ti to go down more but am struggling to see why as I said they insure large plant not houses. Large plant is designed usually to withstand these storms houses are not.
pogue
07/9/2017
19:36
pogue, Irma could well be the biggest insurance loss ever. LRE are exposed, like all other reinsurance businesses, although perhaps more exposed proportionately than most. As to the fall being overdone, I think you are likely to get the opportunity to add more on a down day tomorrow.
effortless cool
07/9/2017
19:28
effortless cool what exactly are LRE exposed to insurancewise thats so bad? 11.5% of funds tells me if they were in household insurance I would be worried however they aren't its major industrial plant IIFRC plus they have a large threshold before they pay out. Too me the drop seems a bit over done.
pogue
07/9/2017
14:24
All you have to do with this stock is buy during the hurricane and sell ahead of the next hurricane according to the chart above
solarno lopez
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