Lancashire Holdings Limited (LRE.L), a provider of insurance and reinsurance products, reported Thursday that its gross premiums written for the nine-month period rose by 14 percent year on year to $658.7 million, reflecting increases in both premium rates and new business volumes.
Lancashire said its ultimate catastrophe loss estimate, net of reinsurance and reinstatement premiums, is expected to be in a range of $65.0 million to $75.0 million for the third quarter ended 30 September 2020.
The company also said its previously announced COVID-19 ultimate loss estimate of about $42.0 million has remained unchanged from half year 2020.
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