AM Best Revises Issuer Credit Rating Outlook to Negative for Lancashire Holdings Limited and Its Subsidiaries; Affirms Credit Ratings

Dec 02, 2022

AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of “a+” (Excellent) of Lancashire Insurance Company Limited (Hamilton, Bermuda) and Lancashire Insurance Company (UK) Limited (United Kingdom) (collectively referred to as Lancashire). The outlook of the FSR is stable. Additionally, AM Best has revised the outlook to negative from stable and affirmed the Long-Term ICR of “bbb+” (Good) of the parent company, Lancashire Holdings Limited (Lancashire Holdings) (Hamilton, Bermuda) [LSE: LRE].

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