Conduit
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Combating depressed trading on the LSE and a delayed hard market shift has held back the firm. -
The CUO’s turnover closely follows that of the CEO.
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Conduit Holdings announced CEO Trevor Carvey’s retirement today.
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Analysts see Conduit’s extra reinsurance buying as a positive development.
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Executive chair Neil Eckert will step in as interim CEO.
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The chairman said the recent events were akin to Andrew, Katrina and the WTC.
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The carrier expects to book $100mn-$140mn from the California wildfires.
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Chairman Neil Eckert and CEO Trevor Carvey said the outlook for the market remains "very good".
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CEO Trevor Carvey said the revision reflected Conduit’s “favourable reception”.
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The carrier said activity across smaller and mid-sized natural catastrophe and risk events had been “elevated”.
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The carrier continued to expand in property and specialty, especially non-cat exposed business.
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CEO Trevor Carvey described the market during Q1 as being a "very healthy environment”.
