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BUZZ-Lancashire Holdings: hits year low on further Cathedral exits

Reuters - UK Focus

** Lancashire Holdings (Stuttgart: LNH.SG - news) falls 7.1 pct after the insurer announces more departures from its Cathedral underwriting arm

** Statement says three underwriters have resigned

** Stock suffered its worst day in 5 years in December after Cathedral's CEO and CFO also left the firm

** Lancashire acquired the underwriter in 2013 for £266 mln. Link: http://bit.ly/1OPRHiV

** Hits low not seen since Feb 2015

** Among top fallers and most traded by average volumes on FTSE 250 and Stoxx 600 - 1.6x 30-day average traded in opening two hours

(RM (LSE: RM.L - news) : alasdair.pal.thomsonreuters.com@reuters.net)