Lancashire secures $200m credit facility

26th Apr 2010 08:56

Insurance company Lancashire Holdings has sealed a $200m two year credit facility with LloydsTSB Bank.The facility will be used to support obligations under reinsurance liabilities of the company's wholly owned subsidiary, Lancashire Insurance Company Limited."This facility boosts the long-term financial flexibility and strength we have committed to our clients," said Denise O'Donoghue, corporate finance officer of Lancashire Holdings.

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