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Conduit Re's written premiums up 60%

Posted On: Jan. 26, 2023 8:11 AM CST


Bermuda-based reinsurer Conduit Re's ultimate premiums written increased 60% year-on-year to $421.4 million at the January renewals and it expects more rate momentum through this year, Reinsurance News reported. A combination of new business and renewals drove the growth while it also achieved higher pricing and improved terms across its portfolio.