Lancashire not sure of earthquake exposure

4th Mar 2010 08:51

Shares in insurance company Lancashire Holdings took a step back on Thursday as the company said it was too soon to gauge the effects on first quarter results of the Chilean earthquake. The company said it has exposures to risks in Chile in the following classes: onshore energy, property retrocession; property direct and facultative; and property catastrophe.‘The company believes that it is premature to estimate the extent of any potential losses likely to be incurred from claims arising from the recent earthquake and aftershocks that struck Chile or the resulting impact on first quarter results, reinstatement premiums or market pricing,’ it said in a statement.