Conduit Holdings Ltd ( (GB:CRE) ) just unveiled an announcement.
Conduit Holdings Limited announced the retirement of CEO Trevor Carvey, effective April 11, 2025, due to personal circumstances requiring his return to the UK. Neil Eckert, Executive Chairman, will serve as interim CEO while a search for a new CEO is underway. The company acknowledges Carvey’s leadership in its start-up phase and significant premium growth. Additionally, Conduit Holdings reiterated its preliminary loss estimate of $100 million to $140 million from the California wildfires and plans to purchase additional reinsurance to mitigate earnings volatility. This strategic move is expected to adjust the company’s forecasted return on equity for the year.
More about Conduit Holdings Ltd
Conduit Re is a Bermuda-based multi-line reinsurance business with a global reach, licensed as a Class 4 insurer by the Bermuda Monetary Authority. It holds a Financial Strength Rating of A- (Excellent) from A.M. Best and is listed on the London Stock Exchange under Conduit Holdings Limited.
YTD Price Performance: -21.62%
Average Trading Volume: 511,662
Technical Sentiment Signal: Buy
Current Market Cap: £584.1M
See more data about CRE stock on TipRanks’ Stock Analysis page.