Conduit first-quarter ultimate premiums up 50%

11 May 2022

Conduit has reported Q1 estimated ultimate premiums of $296.9mn, a 49.1% increase on the prior-year period, as the start-up continued to expand on the back of improving pricing.

It reported gross written premiums (GWP) of $177.5mn for the quarter, more than double last year’s $82.6mn.

Conduit recognised an estimated net impact from the Ukraine conflict of $24.6mn

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