Conduit Holdings Ltd Trading Statement Call Transcript

Jan 25, 2024 / 12:00PM GMT
Antonio Moretti - Conduit Holdings Ltd - Head - Investor Relations and Marketing

Good morning, everyone, and welcome to Conduit Re January 2024 renewals trading update. I'm joined this morning by Trevor Carvey, CEO of Conduit Re, and Greg Roberts, CUO of Conduit Re. And with this, I give the floor to Trevor Carvey.

Trevor Carvey - Conduit Holdings Ltd - Chief Executive Officer, Executive Director, Chief Underwriting Officer

Thanks, Antonio. Good morning and welcome to this January 1 trading update. This is now our fourth renewal season, having commenced underwriting for the 2021 year, and the business has continued to push on the very good growth, again, into what is a continuing favorable underwriting environment.

Ultimate premiums this January 1 were $582.4 million, which is up 38% in the last year. And while this figure is running ahead of our original five-year IPO plan, it is in fact very much in line with our expectations going into this January '24 renewal season. As regards how we saw the individual parts of the market, going all the way back to

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