Lancashire Holdings asserts only limited exposure to armed conflicts

(Alliance News) – Lancashire Holdings Ltd announced on Thursday that it is on track to publish annual results in line with its forecasts.

The Bermuda-based insurer, Hamilton, stated that its gross premiums written fell by 6.1% in the first quarter, amounting to USD 668.4 million compared to USD 712.1 million a year earlier.

“Excluding the impact of reinsurance premiums related to the California forest fires, the underlying decrease in gross premiums written is only 1.2%,” Lancashire stated.

Insurance income increased by 2.1%, rising from USD 458.9 million to USD 468.6 million.

Lancashire asserted that it only has ‘limited exposure’ to the conflict in the Middle East.

The Chief Executive Officer, Alex Maloney, said: “Clearly, the period has been marked by very high geopolitical volatility, resulting in increased economic uncertainty. Lancashire’s exposure to current events in the Middle East is limited and fits perfectly with our appetite for risk.”

<p"Lancashire had a positive start to 2026, remaining true to its fundamental principle of actively managing the cycle. Thanks to this strong first quarter, we are able to deliver results in line with our annual targets."

Lancashire’s shares rose by 0.6% to 569.50 pence each in London on Thursday morning.

By Eric Cunha, Alliance News Editor-in-Chief

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