Conduit Holdings Ltd.
4.98
EUR
+0.01
(+0.20%)
ISIN
BMG243851091
CUSIP
G24385109
Return %
Stock
S&P 500
1Y
- -
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
USD
•
in mil. unless spec.Working Capital
USD
•
in mil. unless spec.Growth Rates
USD
•
in mil. unless spec.Semi-annual Revenue
USD
•
in mil. unless spec.Semi-annual Earnings Per Share
USD
•
in mil. unless spec.Semi-annual Dividends Per Share
USD
•
in mil. unless spec.Company Description
- CEO
- Neil David Eckert
- Full Time Employees
- 68
- Sector
- Finance
- Industry
- Specialty insurance
- Address
- Ideation House Pembroke PE Bermuda HM08
- IPO Date
- Dec 7, 2020
- Website
- conduitreinsurance.com
- Similar Companies
- Business
- Conduit Holdings Limited is a Bermuda-based holding company that, through its wholly-owned subsidiary Conduit Reinsurance Limited, provides multi-line reinsurance products and services to insurers and reinsurers on a worldwide basis. The company operates through three principal divisions: Property, which includes catastrophe and non-catastrophe risks on an excess-of-loss and proportional basis across US and international personal and commercial lines; Casualty, comprising directors and officers liability, financial institutions liability, general liability, medical malpractice, professional liability and transactional liability on both excess-of-loss and proportional structures; and Specialty, featuring aviation, energy, engineering and construction, environmental, marine, renewables, political violence and terrorism, whole account, specie and fine art, war, and event-capped quota share above excess-of-loss lines. Conduit Re, headquartered in Pembroke, Bermuda, commenced underwriting operations in 2021 following the group's initial public offering on the London Stock Exchange in December 2020, with all activities conducted from a single location to facilitate collaborative decision-making and efficient capital deployment. The company maintains a client-, geography- and product-neutral stance, leveraging data-driven pricing, analytics and cloud-based technology to optimise its diversified portfolio across sectors and structures; it targets a mid-80s combined ratio and mid-teens return on equity over the cycle, supported by a strong balance sheet with no legacy issues, an AA-rated investment portfolio and an A- (Excellent) financial strength rating from AM Best with a positive outlook as of December 2024. In recent developments, Conduit reported gross premiums written of $1,162.4 million for 2024, reflecting 24.8% growth driven by property and specialty segments amid elevated natural catastrophe activity, and $803.3 million for the first half of 2025, up 8.9% with contributions from new business and expanded partnerships in property and casualty. The company initiated a $50 million share buyback programme in early 2025, repurchasing $2.5 million of shares in the first half, alongside ongoing employee benefit trust purchases and a maintained interim dividend of $0.18 per share; it strengthened leadership with key hires including Stephen Postlewhite as Chief Underwriting Officer, William Randolph as Chief Risk Officer, Angus Hampton as Head of Casualty and Nicholas Shott to the board, while announcing strategic portfolio rebalancing toward greater excess-of-loss exposure, enhanced outwards reinsurance for secondary perils and reduced quota share to bolster resilience amid softening rates and higher attritional losses. Geographically, operations emphasise the US (particularly non-admitted property), worldwide and Europe, with approximately two-thirds of the portfolio in non-catastrophe business to promote stability.