Losing so many senior Cathedral staff so quickly highlights the underlying tensions within the business, which have now come to a head. Losing key underwriters is never good but neither is it a given that Lancashire will lose all/part of their books. The group needs to calm and tie in remaining key staff and ensure it has the right underwriters to help retain business on renewal. The threat is to 2017 revenue, not 2016, so there is time to respond, plus the yield underpins. The share price fa
