Lancashire Holdings has reported an operating income of $42.7m for the first half of 2006.
The company said gross written premium were $316.3m.
It reported a combined ratio of 44.5% and a loss ratio of just 11.6%.
Richard Brindle, chief executive and chief underwriting officer, said: “Lancashire has had an excellent first half of 2006. We experienced strong trading conditions and claims activity was low. The operational and financial results achieved by the team in such a short period of time have been remarkable.”
He added: "We are also very excited about the opening of our London underwriting operation. Lancashire UK will greatly increase the flexibility of our operations and afford us access to a wider pool of high quality risks. We expect to see the benefits of this almost immediately, and we look forward to capitalising on these benefits as we move into 2007 and beyond.”
