The Lancashire way is our distinct way of doing things - always shaped by our values, which are at the centre of our culture. We take a long-term view that delivers on our strategic objectives.

Download our Annual Report 2021

Our purpose is to…

Deliver bespoke risk solutions that protect our clients and support economies, businesses and communities in the face of uncertain loss events;

 

Manage our risk exposures and capital resources to generate returns for our investors; and

 

Support our people and work with our stakeholders, fostering a positive, sustainable and open business culture to the benefit of society.

THE LANCASHIRE VALUES

LEADERSHIP
Exhibiting passion and commitment in all aspects of Lancashire life and inspiring others to do the same, we are…

 

ASPIRATIONAL
aspiring to deliver a superior service for our clients, ourselves and our business partners, we are…

 

NIMBLE
in our decisions, actions and business processes, and considerate of our environment and wider society, we are…

 

COLLABORATIVE
valuing teamwork and a diversity of skills and experience and sharing in our success, and we are…

 

STRAIGHTFORWARD
in conducting our business in an accountable, open, honest and sustainable way.

Non-Executive Chairman's statement

“Lancashire has taken advantage of new opportunities. We are continuing to build-out our franchise, adding new product lines, while always retaining our strict focus on underwriting discipline to deploy our capital nimbly through the cycle.”

 

Peter Clarke
Non-Executive Chairman

Group Chief Executive Officer's statement

“Our focus on the long term means that we have the people and expertise to drive profitable growth.”

 

Alex Maloney
Group Chief Executive Officer

Group Chief Financial Officer's statement

“We have a very strong culture, underpinned by our strategy and values, and I am really proud of what we are achieving together.”

 

Natalie Kershaw
Group Chief Financial Officer

OUR Strategy

Underwriting comes first
Maintaining the right balance between discipline and creativity is key for success, coupled with a strong focus on profitability and risk selection.

 

Effectively balance risk and return
Exploring opportunities for top-line growth in markets where we believe the right long-term opportunities exist and rigorously monitoring and managing our risk exposures.

 

Operate nimbly through the cycle
Our speed and agility in the way we manage volatility help us underwrite our core portfolio profitably through the challenges of the cycle, yet seize opportunities when they present themselves.

BUSINESS MODEL

We leverage our deep underwriting expertise with efficient management of capital and resources across our three platforms to provide our clients and brokers with excellent solutions for their insurance reinsurance needs. We always focus on the risk-adjusted return.

KEY PERFORMANCE INDICATORS

Group performance in a challenging year.

Strategic overview

We aspire to deliver a superior service for our clients, ourselves and our business partners.

PERFORMANCE

We are nimble in our decisions, actions and business processes, and considerate of our environment and wider society.

 

Responsibility

2021 ESG Review

We value teamwork and a diversity of skills and experience and we are sharing in our success.

Lancashire Foundation

At the heart of our responsible business ethos is the Lancashire Foundation. 

People and culture

Giving our people the environment, tools, skills and support they need to thrive in an open, honest and diverse culture.

Sustainable insurance

Ensuring our business considers climate change and other ESG issues in our underwriting decision making.

Responsible investment

Demonstrating our commitment to ESG, including responsibility for our environment, through the  management of our investments.

Operating responsibly

Running our business as a good corporate citizen, a responsible preserver of resources, and engaging constructively with all our stakeholders to the benefit of society.