Lancashire Holdings Limited - S&P Global Ratings Upgrade
Lancashire announces S&P Global Ratings upgrade to ‘A’ with stable outlook
It has also raised its long-term issuer credit rating on the Company to 'BBB+' from 'BBB'. The outlook is stable.
Announcing the ratings action, S&P said Lancashire continues to strengthen its competitive position through broader product offerings, an expanded geographic footprint, and growth in less - volatile lines.
It said these developments have improved portfolio resilience and earnings quality, enhancing the Company's ability to absorb losses through earnings.
It added that the stable outlook reflects S&P’s expectations that Lancashire will sustain improved operating earnings while effectively executing its diversification strategy. It also expects that the Company's strong enterprise risk management framework will keep pace with its expansion into new business lines and regions.
For further information, please contact:
Lancashire Holdings Limited
chris.head@lancashiregroup.com
Christopher Head
Jelena Bjelanovic
jelena.bjelanovic@lancashiregroup.com
About Lancashire
Lancashire, through its operating subsidiaries, is a provider of global specialty insurance and reinsurance products.
Lancashire’s common shares trade in the equity shares (commercial companies) category of the Main Market of the
The
For more information, please visit Lancashire’s website at www.lancashiregroup.com .
This release was submitted for publication, through the agency of the contact persons set out above, at
NOTE REGARDING FORWARD-LOOKING STATEMENTS:
ALL FORWARD-LOOKING STATEMENTS IN THIS ANNOUNCEMENT OR OTHERWISE SPEAK ONLY AS AT THE DATE OF PUBLICATION. LANCASHIRE EXPRESSLY DISCLAIMS ANY OBLIGATION OR UNDERTAKING (SAVE AS REQUIRED TO COMPLY WITH ANY LEGAL OR REGULATORY OBLIGATIONS INCLUDING THE RULES OF THE
