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Insurer Lancashire reports 47% jump in gross written premiums

By Reuters

– Lancashire Holdings Ltd’s gross written premiums jumped 47% in the nine months to September, the insurer said on Thursday, driven mainly by growth in property and casualty reinsurance.

The British company reiterated its catastrophe loss estimate to be between $185 million and $165 million for recent disasters including Hurricane Ida in the United States and floods in Europe.