Browsing: Baltimore bridge

Ascot’s Lloyd’s Syndicate 1414 saw its profits decline in 2024 due to significant losses from catastrophes, including storms and the Baltimore Bridge collapse.

Ascot’s Lloyd’s Syndicate 1414 experienced a profit decline in 2024, significantly impacted by high catastrophe losses, including the Baltimore Bridge collapse and severe weather events.

Bermuda-based insurer Lancashire Holdings reported a strong 2024, but faces challenges from major disasters and climate-related risks.

Lancashire Holdings Ltd., a London-listed specialty insurer, reported a successful 2024 and anticipates a mid-teens return on equity in 2025, despite significant claims from catastrophic events, including the Baltimore bridge collapse.

The London-listed insurer Lancashire Holdings reported robust financial results for 2024, driven by strong underwriting and investment returns, and anticipates continued growth in 2025, despite facing significant claims from the Baltimore bridge collapse and other catastrophic events.