- Lack of disasters helps underwriting
- Big dividend increase in the pipeline
“The best market conditions we have seen in a decade,” was the emphatic verdict of Lancashire Holdings (LRE) chief executive Alex Maloney after the Bermuda-based specialist reinsurer delivered a thumping rise in profits. This allowed patient shareholders to be rewarded with a second special dividend of 50¢ a share (39p), along with a projected 50 per cent rise in the annual payment as the year progresses.