Lancashire Capital Management Limited focuses on third-party funded, fully collateralised reinsurance across different classes such as property catastrophe, aviation, marine, energy and terror. It has the ability to scale up opportunistically based on market dislocations, delivering speed to market advantage.

Our strategy

Underwriting comes first – not just another collateralised ILS writer, but an experienced team leveraging Lancashire’s expertise to build unique, tailored products.

 

Discipline – not seeking to deploy capacity for capacity's sake. Thorough research of products and opportunities since its formation. Un-deployed capital is always returned to investors promptly.

 

Nimble reactions supported by a solid core of business – Lancashire Capital Management's core product can form an important part of a cedent's reinsurance protection and capital relief planning and is also able to upscale and expand products dramatically following a market dislocation.

 

Balancing risk and reward – multiple analyses of exposures with comparison to historic events and own proprietary data across multiple lines.

Key Strengths
 

  • Backed by Lancashire’s excellent track record and reputation.
  • Leveraging Lancashire’s existing systems, data, relationships, infrastructure and processes.
  • Fully dedicated team that writes its own transactions and has its own underwriting committee.
  • One of the few third party capital entities generating new business without cannibalising existing accounts.
  • Very transparent with frequent reporting.
  • Able to generate extra returns by selling multi-class reinsurance covers where current supply is scarce.
  • Third party capital investors have access to Lancashire’s underwriting expertise without the correlation to traditional financial markets.

Targets
 

  • Focusing on multi-class fully collateralised reinsurance across different classes such as property catastrophe, aviation, marine, energy and terrorism.
  • Deploying capacity on 1 January and 1 July of every year with the potential for additional capital deployments during periods of market dislocation via special draws.
  • Educating sophisticated reinsurance clients and designing bespoke products for them which will ultimately add value to their usual reinsurance purchases.
  • Targeting expected returns in the mid-teens, pre fees.