Lancashire rises on $169mn capital return.

Lancashire, an insurance carrier, has announced that it will be returning $169 million to investors through a special dividend and buybacks. The CEO stated that despite positive rate changes in the industry, the insurance sector has not been profitable for the past five years. Lancashire has also hired new personnel ahead of its planned entry into the US market in 2024. The company reported a 23.3% increase in gross written premiums for the first nine months of the year. [Extracted from the article]