Conduit Re, the pure-play Bermuda reinsurance company, has announced its intention to purchase more retrocession to protect its earnings from volatility due to secondary peril loss impacts, while the company has also announced that CEO Trevor Carvey is stepping down.The company reiterated its expectation that the California wildfires in January 2025 will generate a $100 … Read more
Given where the retrocession market is positioned and the fact retro strategies are now less exposed to lower industry-loss level events, we could see more capital coming to support that segment, but Gregory Roberts, CUO of Conduit Re does not expect capital providers risk appetites to change.Speaking during a media call today, after Bermuda-based reinsurance … Read more
Senior executives from pure-play Bermuda reinsurance firm Conduit Re held a media briefing this morning on the 2024 Monte Carlo Rendez-Vous and defined that retrocession market situations are vibrant, however mentioned that ILS and third-party capital suppliers nonetheless must see returns evidenced.Answering a query posed by Artemis, Gregory Roberts, Chief Underwriting Officer (CUO) famous that … Read more