Latest Cathedral exits wipe £105mn off Lancashire market cap
Shares in London-listed short-tail specialist Lancashire fell by
up to 9 percent this morning (1 March) in the wake of a raft of
senior departures from its Lloyd's carrier Cathedral.
The company saw £105mn wiped off its market capitalisation
at its lowest ebb in early intraday trading, as the market reacted
to three further senior underwriting departures at Cathedral.
The stock has since rallied, hovering at around 552p per share
at 0950 GMT, equating to a market capitalisation fall of...
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