The Group’s strategy is centred on the goal of maximising risk-adjusted returns across the cycle.

The Group believes that its strength lies in excellence in the underwriting risk selection process.

The Group also aims to maintain a strong balance sheet. An adequate level of capital must be maintained to support the Group’s underwriting activities, including future opportunities, and the mix of capital must be sufficiently conservative in order to preserve that capital.

“Our strategy hasn’t changed in its fundamentals since the business was founded – we believe that underwriting comes first; we need to balance risk and return; and importantly have the agility to operate through the cycle. Everything we do is driven by the underwriting opportunity. I believe in the long-term and in navigating the Group with a clear focus on what we are doing and where we are going. That means future-proofing the business through investment in talent and ensuring operational efficiency with a laser-sharp focus on getting the fundamentals of the business right.” 

Alex Maloney - Group Chief Executive Officer

Our three strategic priorities

Underwriting comes first

Profitable growth

Our speed and agility in the way we manage volatility helps us underwrite our core portfolio profitably through the cycle, as well as enabling us to explore opportunities for growth in markets where we believe the right long-term opportunities exist.

Focus

  • Continue to grow in classes where favourable and improving market conditions exist, and explore new distribution opportunities
  • Reduce earnings volatility from natural catastrophe risk
  • Focus on maintaining a diversified portfolio structure and our core clients

Balance risk and return through the cycle

Maximise risk-adjusted returns

Rigorously monitor and manage our risk exposures alongside capital availability to enable us to operate efficiently whilst seizing opportunities when they present themselves.

Focus

  • Actively manage capital to support underwriting opportunities
  • Deploy capital quickly when it is needed and have the discipline to return it when it is not
  • Encourage a culture of risk challenge, questioning and understanding

Insurance market employer of choice

Positive culture enables sustainability

Maintaining our positive culture and the ability to retain and attract the best talent is key for success, coupled with a strong focus on profitability and risk selection.

Focus

  • Foster entrepreneurial, collaborative culture via The Lancashire Way
  • Further develop the Group’s ESG principles to ensure we operate responsibly as a business
  • Continuously strive for operational efficiency alongside development of data capabilities