Conduit Re reports year-one combined ratio of 119%
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Conduit Re reports year-one combined ratio of 119%

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Conduit Re reported a combined ratio of 119.4% and a comprehensive loss of $42.0mn in its first full year of trading.

The firm completed an IPO on the London Stock Exchange on 7 December 2020, and started underwriting on 1 January 2021.

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