Lancashire records pre-tax loss of more than $136 million due to hurricanes, quakes

U.K.-based insurer and reinsurer Lancashire Holdings Ltd. recorded a pre-tax loss of $136.4 million in the third quarter, driven by the recent hurricanes and quakes, Reuters reported. Lancashire reported a pre-tax profit of nearly $43 million in the third quarter of 2016. The net loss from hurricanes Harvey, Irma and Maria, and earthquakes in Mexico totaled $165 million. Gross written premiums grew more than 32% to $143 million, compared with more than $108 million in the third quarter of 2016. 

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