Lancashire's profits and premiums fall

Lancashire felt the impact of its multi-year contracts in its
property, energy and marine segments again in the third quarter,
with the pre-tax profit and top-line figures contracting.
Pre-tax profit shrank from $36.1mn in Q3 2014 to $32.9mn for the
same period this year, while gross written premiums (GWP) decreased
by 20.8 percent following the effects of multi-year deals and rate
reductions.
Property GWP volumes were down 19.8 percent on the prior-year
quarter, with energy GWP falling by 39.8