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Lancashire Holdings suffers financial loss in 2021 driven by natural catastrophe events

By 2022-02-11T13:59:00

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Despite having a poor year for returns, the group reached record breaking levels of gross written premium after investing in expanding its portfolio

Global speciality (re)insurance provider Lancashire Holdings has reported a combined operating ratio (COR) of 107.3% for the 12 months to 31 December 2021, driven by significant weather and large loss events amounting to $306.4m (£226m), according to its 2021 full year financial results, published today (11 February 2022).

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