Lancashire posts profit in ‘tough’ year

"Lancashire Holdings posted its 2008 results this week, with pre-tax profits down 75% at $97.6 million (£68.6 million).
This is compared to 2007 pre-tax profit of $392 million.
Chief executive Richard Brindle said 2008 was “one of the toughest years that many of us have experienced in the insurance industry”.
The group reported a $150 million loss on [...]" (2009-2-17)
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