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Signs of stabilisation in US property excess-of-loss (XoL) reinsurance: Conduit Re

January 25, 2024

While reporting a strong January 1st 2024 reinsurance renewals, at which it grew its premiums written by 38%, pure-play Bermuda reinsurer Conduit Re has also highlighted some signs of the moderating market environment in US property risks, particularly in excess-of-loss (XoL) business.

Conduit Re this morning reported strong growth, as it grew written premiums at the January renewals by 38%, while securing a 3% risk-adjusted rate increase.

The company grew its property reinsurance book by 58% in premiums, while rate increases for this segment were 5%, risk-adjusted and taking into account inflation.

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