Lancashire has advised that its initial net loss estimate from Hurricanes HIM and the Mexican quakes will be in a range of US$106m-212m. We provisionally cut our FY17E PBT to a loss of -US$8.1m and a base dividend only of 15c. We will continue to monitor as these claims develop. We keep FY18E PBT unchanged but this may prove conservative – certainly the group currently expects more material rate rises and in such a scenario it would be an early beneficiary. Lancashire will update furthe
09 Oct 2017
Net losses in US$106-212m range
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Net losses in US$106-212m range
Lancashire Holdings Limited (LRE:LON) | 618 0 0.0% | Mkt Cap: 1,507m
- Published:
09 Oct 2017 -
Author:
Joanna Parsons -
Pages:
2
Lancashire has advised that its initial net loss estimate from Hurricanes HIM and the Mexican quakes will be in a range of US$106m-212m. We provisionally cut our FY17E PBT to a loss of -US$8.1m and a base dividend only of 15c. We will continue to monitor as these claims develop. We keep FY18E PBT unchanged but this may prove conservative – certainly the group currently expects more material rate rises and in such a scenario it would be an early beneficiary. Lancashire will update furthe