Conduit
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Analysts see Conduit’s extra reinsurance buying as a positive development. -
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”.
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Property and specialty led the carrier’s expansion, with growth in casualty more modest.
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The short-term disruption of relisting may be justified by the long-term benefits.
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The firm said “respect” for reinsurance is at a high.
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