Nov 08, 2023 / 12:00PM GMT
Neil Eckert - Conduit Holdings Ltd. - Executive Chairman
Welcome, ladies and gentlemen, to the Conduit Re Q3 update. I'm pleased to report that market conditions remain favorable, and we say, the headline of this slide among the best in decades. This is caused by a number of factors which we expect to continue. But still, the inflationary pressures causing more demand, the insurance carriers are exhibiting the demand for new reinsurance business.
We have observed structural shift in US primary markets with the continued growth of E&S. Industry legacy, we're still seeing that strengthening of reserves, which, from our perspective at Conduit, with our clean balance sheet, is a competitive advantage. So I mean, my takeaway here is, Conduit Re is ideally positioned to capitalize. We've had a great quarter. And with that, I will hand over to Trevor Covey.
Trevor Carvey - Conduit Holdings Ltd. - CEO
Thanks, Neil. So as regards our broader trading update numbers for Q3, we've had another decent quarter. Ultimate premiums written year-to-date are now $909
Q3 2023 Conduit Holdings Ltd To Host Analysts and Institutional Investors - Trading Call Transcript
Feb 13, 2024
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