Lancashire loss widens on high catastrophic events

“The company declared a final dividend of 10 cents for 2018, in line with the final dividend declared for 2017” writes Oliver Griffin for Lancashire Holdings Ltd. (LRE.LN) on Thursday reported that its loss before tax in the fourth quarter of 2018 widened five-fold due to a high number of catastrophic events and volatility in the insurance market.The Bermuda-based insurance company recorded a loss of $16 million in the three months ended Dec. 31, compared with a loss of $3.2 million in the year-earlier period.For the full year, the company reported a swing to pretax profit of $33.6 million, compared with a loss of $72.9 million in 2017.

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