Brit
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The business posted a 95.2% undiscounted combined ratio.
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What’s next for Conduit Re’s strategy following a leadership shake-up?
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Ex-Hannover CEO Jean-Jacques Henchoz exited from the reinsurer at the end of March.
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The combined ratio improved by 0.5 points to 75.7%.
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The firm will maintain a close partnership with Brit as a nominated lead across all classes.
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The results were disclosed in parent company Fairfax’s quarterly earnings.
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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.
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A strategy is in place for the carrier to expand its presence on the Island.
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Smart-follow is creating a third tier of provider – the “lead follower” – but broader efficiencies must be achieved.
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