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The Group has been newly established to take advantage of what the Directors expect to be favourable underwriting conditions arising from anticipated market dislocation in specific classes of insurance business where substantial losses have resulted from hurricanes in 2004 and 2005. The Group will aim to create a balanced and diversified portfolio of insurance, reinsurance and retrocession business. The Group's expected underwriting strategy can be characterised as having exposure to low frequency, high severity losses, with an emphasis on retrocession, marine and energy and property classes. The Directors expect that the Group will commence underwriting with effect from 1 January 2006 in these classes on a worldwide basis (subject to compliance with local regulatory requirements).

3rd Qrt results https://www.moneyam.com/action/news/showArticle?id=6189824

Lancashire return to profit...la la la..la la la https://www.moneyam.com/action/news/showArticle?id=6313275