Better Pricing Bodes Well For Lancashire Holdings After A Tough Year [Seeking Alpha]
Everest Re Group, Ltd. (RE)
Last everest re group, ltd. earnings: 2/10 04:25 pm
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Source: Seeking Alpha
Summary Lancashire is likely to see more cat losses in the fourth quarter, but pricing has been firming up across the company's end-markets, with about 80% of its markets improving ytd. Stricter standards at Lloyds are leading some of Lancashire's rivals to pull out of markets it considers to be core (including energy, marine, and aviation), while reinsurance pricing should improve. Lancashire is not an easy stock for retail investors, but the shares appear priced for a high single-digit to low double-digit return, with significant dividends likely. It’s been a challenging year for specialty insurer Lancashire Holdings ( OTCPK:LCSHF ) (LRE.L), as pricing has been slower to recover in reinsurance and losses from both natural disasters and “regular business” have taken a bite. Not only has Lancashire trailed other more traditional specialty insurers/reinsurers like Everest Re ( RE ), other Lloyds players like Beazley ( OTC:BEAZY ) and Hi
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