Business
Appointment of Brokers and Notice of 2020 Results
Appointment of Brokers and Notice of 2020 Results.
About this update from Conduit Holdings Ltd.
[{"type":"text","content":"\n \n \n \n RNS Number : 1798O\n Conduit Holdings Limited\n 05 February 2021\n \n \n \n \n \n \n CONDUIT HOLDINGS LIMITED APPOINTMENT OF BROKERS AND NOTICE OF 2020 RESULTS RELEASE \n \n \n \n \n Conduit Holdings Limited (\"Conduit Holdings\" or \"the Company\")\n \n Hamilton, Bermuda - 5th February 2021\n \n \n Appointment of Joint Brokers\n \n \n Conduit Holdings, a newly established reinsurance underwriting business, is pleased to announce that it has appointed Jefferies International Limited and Panmure Gordon (UK) Limited as Joint Brokers to the Company with immediate effect.\n \n \n \n Notice of 2020 Results Release\n \n \n The Company also intends to release its 2020 results on Tuesday 23 February 2021.\n \n \n \n Media contacts\n \n Haggie Partners - David Haggie, Caroline Klein\n +44 (0) 207 562 4444\n \n \n \n [email protected]\n \n \n \n \n \n Investor relations and other enquiries:\n \n \n \n \n [email protected]\n \n \n \n \n \n Website\n \n Further details of the Conduit Group can be found at its website: https://conduitreinsurance.com/\n \n \n About Conduit Re\n \n \n \n \n ●\n \n \n Conduit Re is a newly established reinsurance underwriting business focusing on producing strong risk-adjusted returns from a diversified and focused business plan. The business has been formed to capitalise on what the Company's founders, Neil Eckert and Trevor Carvey (the \"Founders\") believe to be an exceptional market opportunity.\n \n \n \n \n ●\n \n \n Conduit Re writes reinsurance in the property, casualty and specialty classes. Years of high insured losses, diminished reserves and the more recent losses and industry strain caused by Covid-19 and severe capacity shortages in certain classes of insurance and reinsurance have produced major corrections in reinsurance pricing and policy Terms & Conditions.\n \n \n \n \n ●\n \n \n Against the industry background of losses, litigation and capacity constraint, as a new business, Conduit has no legacy exposure and its strong and unencumbered balance sheet is available to write new business in what the Founders believe to be an attractive market environment.\n \n \n \n \n ●\n \n \n Conduit Re is led by two highly successful, experienced and networked industry executives, Neil Eckert and Tre...