Lancashire dishes out dosh after quiet quarter

While sparing a thought for the victims of Hurricane Sandy. Bermuda-based insurer Lancashire Holdings gave thanks for a relatively disaster-free third quarter.

While sparing a thought for the victims of Hurricane Sandy. Bermuda-based insurer Lancashire Holdings gave thanks for a relatively disaster-free third quarter.

"With the third quarter producing little in the way of major losses, and with solid investment performance in choppy markets, we are pleased to report our 5.7% return on equity. As we watch the US recovering from the massive amount of damage wreaked by Sandy, we will undoubtedly see some impact on our fourth quarter results. It is, however, simply too early to provide any meaningful estimate for reserves," revealed Elaine Whelan, the group's Chief Financial Officer.

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