Lancashire grows GWP by 12.7% during Q1
ReutersMay 1, 2025 6:15 AM
By Scott Vincent
May 1 - (The Insurer) - Lancashire reported gross written premium growth of 12.7% in its first-quarter trading statement on Thursday, with the group's estimate for California wildfire losses unchanged at $145 million to $165 million.
Growth was in part driven by an increase in reinstatement premiums as a result of the wildfires. Excluding these, gross written premiums were up 6.6% during the quarter.
Lancashire said growth in its insurance segment was particularly strong in its U.S. platform, although this was in part offset by reductions in its aviation classes.
Insurance revenue rose by 8.7% to $458.9 million during the quarter.
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