Lancashire Holdings Limited has reported gross written premium of approximately £1.3bn for the nine months to 30 September 2023. This was an increase of 23.2% on the same period last year.

Alex Maloney, group chief executive officer of Lancashire Holdings, said: “During the first nine months of 2023, we have continued to successfully implement our long-term strategy to manage the market cycle and deliver strong profitable growth through a portfolio of diversified products.”

He added: “We continue to expect a positive environment into 2024, with further opportunities for Lancashire. Our investment returns have also continued to benefit from the higher interest rate environment and the short duration of our portfolio, with a total net investment return, including unrealised gains and losses, of 2.8% for the period.”

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