Profits up at Lancashire Holdings

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The global provider of specialty insurance products stated that net profit after tax for the second quarter of 2011 rose to $88.9m (£54.2m) from $84.8m in the second quarter of 2010 while for the half year they rose to $97.5m (H1 2010: $93m)

However gross written premiums for the provider that deals in property, energy, marine and aviation fell to $207.9m in the second quarter (Q2 2010: $232.1m) resulting in a total of $379.8m for the half year (H1 2010: $460.1m).

It also reported a combined

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