Directorate Change

Conduit Holdings Limited

15 May 2024

 

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

[phone]

[e-mail]

Investor relations and other enquiries:

[e-mail]

Panmure Gordon (Joint Corporate Broker)

[phone]

Berenberg (Joint Corporate Broker)

[phone]

Peel Hunt (Joint Corporate Broker)

[phone]

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

 

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