London Stock Exchange Group (LSEG)

Sector:

Financials

Index:

FTSE 100

9,336.00p
   
  • Change Today:
    106.00p
  • 52 Week High: 9,674.00p
  • 52 Week Low: 7,986.00p
  • Currency: UK Pounds
  • Shares Issued: 536.98m
  • Volume: 2,568,313
  • Market Cap: £50,132m

Reinsurer Conduit Holdings lays out plans for London IPO

By Alexander Bueso

Date: Monday 09 Nov 2020

LONDON (ShareCast) - (Sharecast News) - Conduit Holdings will proceed with plans to list $1.1bn new shares on the London Stock Exchange's main market.
The newly established reinsurance underwriter was founded by Neil Eckert and Trevor Carney to capitalise on what they believed is an "exceptional" market opportuity for a company focused on reinsurance in the property, casualty and specialty classes.

Its "strong and unencumbered" balance sheet will be "fully available" to write new business, unencumbered by legacy exposures, the company added.

Commenting on their plans Neil Eckert said; "Trevor and I have traded in hard markets before, but we believe these are exceptional times by any standards and a really opportunistic time to launch a new reinsurance company bringing fresh capital and a very focused business plan to the market.

"We are enthused by the industry support we have had whilst developing our ideas for Conduit and look forward to opening for business."

The company would operate as a Bermudian reinsurer and target returns on equity in the mid-teens.



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London Stock Exchange Market Data

Currency UK Pounds
Share Price 9,336.00p
Change Today 106.00p
% Change 1.15 %
52 Week High 9,674.00p
52 Week Low 7,986.00p
Volume 2,568,313
Shares Issued 536.98m
Market Cap £50,132m

London Stock Exchange Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
98.15% below the market average98.15% below the market average98.15% below the market average98.15% below the market average98.15% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
59.47% above the market average59.47% above the market average59.47% above the market average59.47% above the market average59.47% above the market average
31.03% above the sector average31.03% above the sector average31.03% above the sector average31.03% above the sector average31.03% above the sector average
Income
90.92% below the market average90.92% below the market average90.92% below the market average90.92% below the market average90.92% below the market average
93.94% below the sector average93.94% below the sector average93.94% below the sector average93.94% below the sector average93.94% below the sector average
Growth
17.86% above the market average17.86% above the market average17.86% above the market average17.86% above the market average17.86% above the market average
46.79% above the sector average46.79% above the sector average46.79% above the sector average46.79% above the sector average46.79% above the sector average

What The Brokers Say

Strong Buy 5
Buy 5
Neutral 5
Sell 0
Strong Sell 0
Total 15
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

London Stock Exchange Dividends

  Latest Previous
  Final Interim
Ex-Div 18-Apr-24 17-Aug-23
Paid 22-May-24 20-Sep-23
Amount 79.30p 35.70p

Trades for 17-May-2024

Time Volume / Share Price
16:51 281 @ 9,336.00p
16:47 10,000 @ 9,298.78p
16:37 1,000 @ 9,336.00p
16:35 186 @ 9,336.00p
16:35 322 @ 9,336.00p

London Stock Exchange Key Personnel

CEO David Schwimmer
Chair Don Robert
CFO Michel-Alain Proch

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