Brit

What’s next for Conduit Re’s strategy following a leadership shake-up?

Ex-Hannover CEO Jean-Jacques Henchoz exited from the reinsurer at the end of March.

The combined ratio improved by 0.5 points to 75.7%.

The business has appointed Asta as managing agent.

The firm will maintain a close partnership with Brit as a nominated lead across all classes.

The results were disclosed in parent company Fairfax’s quarterly earnings.

Marko Ninkovic, Head of Claims Specialty at Brit, explains the growing challenges of war risk claims and modern piracy at the International Association of Claims Professionals Conference in Orlando.

The carrier’s discounted combined ratio improved to 70.1%.

A strategy is in place for the carrier to expand its presence on the Island.

Smart-follow is creating a third tier of provider – the “lead follower” – but broader efficiencies must be achieved.

Ki has ramped up hiring and is expected to secure a separate managing agent.

The results were disclosed in parent company Fairfax’s quarterly earnings.