Conference Presentation

Lancashire Holdings Limited
22 November 2006


                          Lancashire Holdings Limited


Hamilton, Bermuda, 22 November 2006


                     LANCASHIRE HOLDINGS TO PRESENT AT KBW
                EUROPEAN INSURANCE MID / SMALL CAP CONFERENCE 2006

Lancashire Holdings Limited ('Lancashire' or 'the Company') today announces that
Neil McConachie, Chief Financial Officer, will be presenting at KBW's European
Insurance Mid/Small Cap Conference 2006 at 15:35 GMT on Wednesday 29 November
2006 at Claridge's Hotel in London.

The presentation will feature:

   •Introduction to Lancashire
   •Lancashire's business mix
   •Risk and capital management strategy
   •Trading conditions for 2006 and the outlook for 2007
   •Launch of Lancashire Insurance Company (UK) Limited

For further information, please contact:

Lancashire Holdings                         [phone]
Neil McConachie

Financial Dynamics                          [phone]
Rob Bailhache
Nick Henderson

About Lancashire


Lancashire, through its UK and Bermuda-based operating subsidiaries, is a global
provider of specialty insurance products. Its insurance subsidiaries carry the
Lancashire group rating of A minus (Excellent) from A.M. Best with a stable
outlook. Lancashire has capital in excess of $1 billion dollars and its Common
Shares trade on AIM under the ticker symbol LRE. Lancashire is headquartered at
Mintflower Place, 8 Par-La-Ville Road, Hamilton HM 08, Bermuda. The mailing
address is Lancashire Holdings Limited, P.O. Box HM 2358, Hamilton HM HX,
Bermuda. For more information on Lancashire, visit the Company's website at
www.lancashire.bm.


                   NOTE REGARDING FORWARD-LOOKING STATEMENTS


CERTAIN STATEMENTS MADE IN THIS ANNOUNCEMENT THAT ARE NOT BASED ON CURRENT OR
HISTORICAL FACTS ARE FORWARD-LOOKING IN NATURE INCLUDING, WITHOUT LIMITATION,
STATEMENTS CONTAINING WORDS 'BELIEVES', 'ANTICIPATES', 'PLANS', 'PROJECTS',
'INTENDS', 'EXPECTS', 'LIKELY, 'ESTIMATES', 'PREDICTS', 'MAY', 'WILL', 'SEEKS',
'SHOULD' OR, IN EACH CASE, THEIR NEGATIVE OR COMPARABLE TERMINOLOGY. ALL
STATEMENTS OTHER THAN STATEMENTS OF HISTORICAL FACTS INCLUDING, WITHOUT
LIMITATION, THOSE REGARDING THE GROUP'S PROSPECTS, GROWTH, BUSINESS STRATEGY,
AND PLANS AND OBJECTIVES RELATING TO THE GROUP'S INSURANCE BUSINESSES AND
PLATFORMS ARE FORWARD-LOOKING STATEMENTS. SUCH FORWARD-LOOKING STATEMENTS
INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES, REGULATORY AND RATING AGENCY
CONDITIONS AND OTHER IMPORTANT FACTORS, SOME OF WHICH ARE OUTSIDE OF THE GROUP'S
CONTROL, THAT COULD CAUSE THE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE
GROUP TO BE MATERIALLY DIFFERENT FROM FUTURE RESULTS, PERFORMANCE OR
ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS. THESE
FORWARD-LOOKING STATEMENTS SPEAK ONLY AS AT THE DATE OF THIS ANNOUNCEMENT OR
OTHER INFORMATION CONCERNED. LANCASHIRE HOLDINGS LIMITED EXPRESSLY DISCLAIMS ANY
OBLIGATION OR UNDERTAKING (SAVE AS REQUIRED TO COMPLY WITH ANY LEGAL OR
REGULATORY OBLIGATIONS, INCLUDING THE AIM RULES) TO DISSEMINATE ANY UPDATES OR
REVISIONS TO ANY FORWARD-LOOKING STATEMENTS CONTAINED HEREIN TO REFLECT ANY
CHANGES IN THE GROUP'S EXPECTATIONS WITH REGARD THERETO OR ANY CHANGE IN EVENTS,
CONDITIONS OR CIRCUMSTANCES ON WHICH ANY SUCH STATEMENT IS BASED.



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