Conduit Re’s Chief Executive Officer Trevor Carvey has a decided to step down and retire with effect on April 11, according to the reinsurer’s parent company CHL. At the same time, the company announced a trading update with a stated …
AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to Conduit Reinsurance Ltd., with a stable outlook. The ratings reflect Conduit Re’s balance sheet strength, which AM Best categorizes as …
Conduit Holdings Ltd. rose as the Bermuda-based reinsurer started trading in London after an 826 million-pound ($1.1 billion) initial public offering. The stock climbed as much as 7% to 534.9 pence from the offering price of 500 pence. The company …
