Lancashire to pay special dividend

Insurance group Lancashire Holdings said Thursday that it will return 170m dollars to shareholders by way of a special dividend, as the company gained 'significant excess headroom', saying the market looks broadly flat following the loss from Hurricane Sandy.

Insurance group Lancashire Holdings said Thursday that it will return 170m dollars to shareholders by way of a special dividend, as the company gained 'significant excess headroom', saying the market looks broadly flat following the loss from Hurricane Sandy.

The payment is equal to $1.05 per share and the dividends will result in an aggregate payment of approximately $185.7m, and will be paid in sterling in April.

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