Q3 2021 Lancashire Holdings Ltd Trading Statement Call Transcript
Hello, and welcome to the Lancashire Holdings Limited Third Quarter 2021 results. (Operator Instructions) Please note, this call is being recorded.
Today, I am pleased to present Alex Maloney, Group CEO; Paul Gregory, Group CUO; Natalie Kershaw, Group CFO. I will now hand over to Alex. Please begin your meeting.
Okay. Thank you, operator. Good afternoon, everyone. As usual, we'd like to start with a series of slides, which we believe demonstrate the continued deployment of our long-term strategy throughout the third quarter. After that, we will go to questions.
We go to Slide 3, please. During the third quarter, we witnessed a number of large losses, consistent with what we've already disclosed. We have set claims reserves for these losses, utilizing our detailed account-by-account process, which we believe helps to insulate us from potential reserving creep. Although it would be unwise to guarantee any release at such an early stage, I would point you to our
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