Kinesis income stable for Lancashire

Lancashire recorded a minor dip in income from asset management
platform Kinesis in 2016, but the company's chief financial
officer Elaine Whelan said the unit made a stable contribution to
the group's return on equity (RoE).
Kinesis generated 0.8 percentage points of the insurer's
annual 13.5 percent RoE.
Lancashire earned more income from its 10 percent stake in funds
managed by Kinesis in 2016 than the year before, but lower fee
income reduced the carrier's annual total profits from the...