Conduit
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The post-disaster reinsurance start-up model is changing. -
Angus Hampton, meanwhile, has been promoted to head of casualty in place of Mario Binetti.
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The Bermudian reiterated its pledge to improve performance.
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Aviation reinsurance reserving issues will also be a broader focus for the market.
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The CEO said business remains adequately priced in most classes.
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The carrier is reducing its exposure to quota shares and shifting to XoL.
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The carrier said market dynamics were shifting due to increased capacity.
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Eckert said the reinsurance market is still at historically well priced levels.
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What’s next for Conduit Re’s strategy following a leadership shake-up?
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The new CEO said recent purchases were designed to protect earnings volatility.
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New CEO Eckert said Conduit had taken “decisive action” after the LA wildfires.
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