Lancashire Holdings Ltd (FRA:LNH)
€ 8.11 -0.1 (-1.22%) Market Cap: 1.95 Bil Enterprise Value: 1.74 Bil PE Ratio: 5.65 PB Ratio: 1.29 GF Score: 80/100
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Q3 2020 Lancashire Holdings Ltd Trading Statement Call Transcript

Nov 05, 2020 / 01:00PM GMT
Release Date Price: €7.13 (+0.85%)
Operator

Hello, and welcome to the Lancashire Holdings Limited Third Quarter 2020 Results. (Operator Instructions)

Please note, this call is being recorded.

Today, I'm pleased to present Alex Maloney, Group CEO; Paul Gregory, Group COO; and Natalie Kershaw, Group CFO. Please begin the meeting.

Alexander Terence Maloney
Lancashire Holdings Limited - Group CEO & Director

Thank you, operator. In what has been a difficult year, I continue to be immensely proud of my colleagues for demonstrating continued professionalism and resilience during these unusual times. During the third quarter, we have witnessed a high number of natural catastrophe losses following one of the most active hurricane seasons on record. Coupled with this, we've also experienced a higher-than-usual run rate of single-risk losses emanating from our specialty insurance portfolio. These are business-as-usual losses for us and relate to, for example, the Beirut port explosion, a couple of airline crashes, a refinery explosion, an oil spill offshore Mauritius and similar loss events.

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