Pembroke, Bermuda - 15 May
2024
Pembroke,
Bermuda - 15 May 2024
Conduit Holdings Limited
("CHL" LSE ticker: CRE)
Directorate Change
CHL, the ultimate parent company of Conduit Re, a
Bermuda-based reinsurance business, today announces the appointment
of Stephen Redmond as a non-executive director with effect from 14
May 2024.
Stephen brings extensive insurance and reinsurance
experience to the Board. Stephen was Managing Director of Antares
Managing Agency Limited, and Active Underwriter of Antares
Syndicate 1274. Prior to his career at Lloyd's, Stephen held
numerous leadership positions in the London market, at General
Accident, Eagle Star, and Württembergische Versicherung AG, where
he was Managing Director.
Stephen is FCII qualified, and has held the roles of
Chairman of The Institute of London Underwriters, and of the Joint
Hull Committee. During his career Stephen has also been a member of
numerous London Market Committees.
Stephen currently serves as a non-executive director
of Asta Managing Agency Ltd. where he is a member of the risk,
audit, and remuneration committees.
Neil Eckert, Executive Chairman, commented:
"I am delighted to welcome Stephen to the CHL Board.
With the experience he has gained over many years working in the
London and global insurance markets, including in senior positions
of strategic influence, Stephen is an excellent addition to the
Board. He enhances our ability to prepare for, and navigate
through, the inevitable challenges and opportunities that will come
to Conduit Re in the years ahead."
Trevor Carvey, Chief Executive Officer, added:
"I and my executive colleagues look forward to
working with Stephen and gaining the benefit of his extensive
underwriting experience and his knowledge of global insurance
markets as we continue to build on Conduit Re's success and solid
foundations."
There is no further information required to be
disclosed with respect to Mr. Redmond's appointment pursuant to
paragraph 9.6.13R of the Listing Rules.
As previously reported, Sir. Brian Williamson has now
stepped down as a non-executive Director. Sir Brian's departure is
in line with CHL's board succession plan. It follows the addition
of Rebecca Shelley and Stephen Redmond as non-executive Directors.
Rebecca has replaced Sir Brian as Chair of CHL's Remuneration
Committee.
Media contacts
H/Advisors Maitland - Vikki
Kosmalska / Genevieve Ryan
+44 (0) 207 379 5151
conduitre@h-advisors.global
Investor relations and other
enquiries:
info@conduitreinsurance.com
Panmure Gordon (Joint Corporate
Broker)
+44 (0) 207 886 2500
Berenberg (Joint Corporate
Broker)
+44 (0) 203 207 7800
Peel Hunt (Joint Corporate
Broker)
+44 (0) 207 418 8900
About Conduit Re
Conduit Re is a pure-play Bermuda-based reinsurance
business with global reach. Conduit Reinsurance Limited is licensed
by the Bermuda Monetary Authority as a Class 4 insurer. A.M. Best
has assigned a Financial Strength Rating of A- (Excellent) and a
Long-Term Issuer Credit Rating of a- (Excellent) to Conduit
Reinsurance Limited. The outlook assigned to these ratings is
stable.
Conduit Holdings Limited is the ultimate parent of
Conduit Reinsurance Limited and is listed on the London Stock
Exchange (ticker: CRE). References to "Conduit" include Conduit
Holdings Limited and all of its subsidiary companies.
Learn more about Conduit
Re:
Website: https://conduitreinsurance.com/
LinkedIn: https://www.linkedin.com/company/conduit-re