Conduit

Cat losses were within budgets despite high levels of minor events.

Sources previously told this publication there is up $15bn of exposure on-risk locally.

Richard Sandor is widely regarded as being the architect of interest rate derivatives when he served as the vice president of the Chicago Board of Trade.

The reinsurer noted that no event loss, individually or in the aggregate, had a material impact during the period.

London’s major carriers have projected bullish messages on a prolonged hard market for property, while acknowledging other classes are in very different cycles.

The carrier reported a comprehensive result of $78.6mn – its first interim profit.

Rebecca Shelley has worked in investor relations and communications roles at Norwich Union, Prudential and Tesco.

At this week's Bermuda Climate Summit, speakers heralded the Island's future as a centre of excellence for climate-related innovation and risk transfer.

A panel of sustainability leaders from Conduit Re, Axa XL, Convex and Vantage Risk discussed the need for a consistent methodology to measure underwriting emissions at the Bermuda Climate Summit.

Most carriers were keen to talk about how they are taking on the ongoing hard market in Q1, but some complexities partly offset their good news.

The carrier said it was on track to hit a mid-80s combined ratio by the end of the year while continuing to prioritise the most attractive classes of business.

Reforms to the UK listing regime may enhance prospects of an insurance firm opting to IPO in London in future, but several broader problems, including liquidity issues, will also affect such a decision, according to industry sources.