Conduit ‘passed first test’ after $28.6mn Q3 cat costs
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Conduit ‘passed first test’ after $28.6mn Q3 cat costs

Rachel Dalton
03 November 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Germany Floods.jpg

Conduit incurred $28.6mn in cat losses during Q3 stemming from Hurricane Ida and European flood, as it expanded gross written premium (GWP) to $291.2mn for the first nine months of the year.

In a Q3 trading update, the start-up said losses from the two major events equated to 2.9% of its net tangible assets, with $15.8mn

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsResultsCatastrophe losses
rachel dalton/rachel dalton ii ils.png
Rachel Dalton
Lead Reporter
Contact
Gift this article