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David Baldwin joins from EIRS where he was a senior reinsurance consultant. -
Chris Jones told this publication his plans for the first six months of his tenure.
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The driver of growth has shifted from rate to volume, as pricing increases tail off.
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This year is predicted to be an above-average season, like 2024.
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The $2.59bn renewal is up 45% from last year.
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The reinsurer confirmed Andrew Phelan’s exit, as of 15 May.
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The company also has $100mn for US hurricane events.
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The total cost excluding a 15% quota share was $201.85mn, with rates down 12.2% from last year.
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Most of the losses are attributable to a supercell storm in Texas.
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What’s next for Conduit Re’s strategy following a leadership shake-up?
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A 20% increase in FHCF retention levels sent cedants to the private market.
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Lloyd’s maverick syndicate produces impressive results, but questions remain over succession.
