Q1 2021 Conduit Holdings Ltd Trading Statement Call Transcript

May 13, 2021 / 11:00AM GMT
Tristan McDonald - Conduit Holdings Limited - Head of IR

(audio in progress) quarter one 2021 trading statement.

Neil Eckert - Conduit Holdings Limited - Executive Chairman

Good morning, everyone. I am Neil Eckert, Chairman of Conduit and with me we've got Trevor, Chief Executive, and Elaine. I'm sure most of you know us or have spoken to us before.

So, let's go on to the next slide. So key highlights, we've had a sort of very successful quarter, we've been extremely busy. Strong growth support, client-support. Trevor will go into that in some detail. We are marginally ahead of the IPO plan with estimated premiums of nearly $200 million and that compares to the figure of $160 million that we released in early January. Gross written premium of $82 million.

I suppose the major storm events or claim events of the first quarter was Winter Storm Uri, which cut across Texas and about 13 other states. It occurred very early in the life of Conduit. So, not much of our book, fortunately for us, was on risk at that time and the current estimate that we

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