Lancashire Holdings Limited · LSE:LRE
Lancashire — Q2 2016 Earnings Presentation
13 slides from Lancashire's earnings presentation, August 2016
Slide 1: Appendices
Appendices Investor Presentation August 2016 Q2 2016 www.lancashiregroup.com
Slide 2: Lancashire: Property catastrophe reinsurance
Lancashire: Property catastrophe reinsurance Mitigating impact of falling rates Ability to compete • The Group bought more retro cover from which LICL may • Ability to offer reinstatement cover (unlike collateralised benefit, attaching above our main Cat XoL retro program. markets which require fron
Slide 3: Lancashire: Energy
Lancashire: Energy Mitigating impact of falling rates Ability to compete • Deepwater GOM portfolio with small but loyal client base • Large lines make us a relevant and important component of who want to protect part of their premium spend with leadership panel long-term deals • We have the capabili
Slide 4: Lancashire: Property terrorism and political violence
Lancashire: Property terrorism and political violence Mitigating impact of falling rates Ability to compete • Instability around the world continues to highlight the • Lancashire’s line size ensures our relevance and value perils of Terrorism and Political Violence and drive as a key market to broke
Slide 5: Lancashire: Property political and sovereign risk
Lancashire: Property political and sovereign risk Mitigating impact of falling rates Ability to compete • With increasing geopolitical and economic turbulence on • We consistently deliver an efficient and effective service a global scale, combined with increased corporate and to our clients and brok
Slide 6: Lancashire: Marine
Lancashire: Marine Mitigating impact of falling rates Ability to compete • We write the risks with large limit requirements which • Large lines make us relevant as a quoting market to means our capacity is still in demand. brokers • Core clients have helped protect our market share to a • We have an
Slide 7: Lancashire: Aviation and satellite
Lancashire: Aviation and satellite Mitigating impact of falling rates Ability to compete AV52 • Large lines on AV52 make us relevant as a quoting market to • No attritional losses ever brokers • Our large line size mean that all opportunities are made • We have the ability and willingness to lead bu
Slide 8: Lancashire: RPI and underwriting statistics
Lancashire: RPI and underwriting statistics YTD Cumulative RPI 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Property catastrophe 100 100 97 100 92 100 116 114 99 88 81 reinsurance Energy GOM 100 80 64 137 139 140 140 136 125 118 110 Energy WW offshore 100 80 68 84 88 97 100 97 91 81 70 Ter
Slide 9: Cathedral: Property reinsurance
Cathedral: Property reinsurance Core Non-core / Opportunistic U.S. Portfolio – Small to medium Mutuals • US Nationwide mega accounts • Home owners • Farm owners • Florida private reinsurance market prefers D&F • Automobile (physical damage) • Small commercial properties • Super Regional US accounts
Slide 10: Cathedral: Property direct & facultative
Cathedral: Property direct & facultative Core Non-core / Opportunistic U.S. open market - Average line size circa $2m • Aggregate and underwriting appetite remain ready • Small to midsized ‘soft’ occupancy focus for post loss opportunities • Low to mid level excess of loss • We will withdraw from te
Slide 11: Cathedral: Aviation reinsurance & satellite
Cathedral: Aviation reinsurance & satellite Core Non-core / Opportunistic Airline XL - Core part of the account exposed to major Bigger direct clients catastrophes but aggregate focused on small to medium • No pay back / do they need to buy? size direct insurers enabling better portfolio management
Slide 12: Cathedral: Aviation direct & war
Cathedral: Aviation direct & war Aviation Hull & Liabilities Market Support • Established market leading team in General Aviation Consortia and lower tier Airlines • Our War underwriting is conducted for us and on behalf • Team is getting good broker and client support despite of a number of leading
Slide 13: Cathedral: Cargo
Cathedral: Cargo Core Non-core / Opportunistic Marine Cargo Marine Cargo • Established, relationship driven, profitable, marine • Cargo stock-throughput – where non catastrophe cargo accounts with good risk management exposed • Complementary rather than clashing exposures and • Cargo consequential l