Lancashire shares surge on Q4 results

Shares in Lancashire were up more than 8 percent in early
trading in London after the insurer raced past profit expectations
in the fourth quarter as reserve releases rose.
Pre-tax profits at London-listed carrier Lancashire rose 1.4
percent to $50.9mn. Bernstein analyst Thomas Seidl said the result
was 64 percent more than the consensus estimate and 44 percent
above his own forecast.
Lancashire shares were up 8.5 percent at 738.5 pence as of 9 am
in London.Group gross written...