Conduit Holdings Limited (CHL) has announced the appointment of Stephen Redmond as a non-executive director, effective from 14 May 2024. Redmond, with extensive insurance and reinsurance experience, previously held senior positions at Antares Managing Agency Limited and Lloyd's. He brings a wealth of knowledge in the London and global insurance markets, enhancing CHL's ability to navigate future challenges and opportunities. His appointment follows the departure of Sir Brian Williamson, in line with CHL's board succession plan.
Neil Eckert, Executive Chairman, expressed his delight in welcoming Redmond to the CHL Board, emphasizing his strategic influence and experience. Trevor Carvey, Chief Executive Officer, looks forward to leveraging Redmond's extensive underwriting experience and global insurance market knowledge as they continue to build on Conduit Re's success and solid foundations.
The company also disclosed that Sir Brian Williamson has stepped down as a non-executive Director, following the addition of Rebecca Shelley and Stephen Redmond as non-executive Directors. Rebecca has replaced Sir Brian as Chair of CHL's Remuneration Committee.
Conduit Re, a Bermuda-based reinsurance business with global reach, 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. Conduit Holdings Limited is the ultimate parent of Conduit Reinsurance Limited and is listed on the London Stock Exchange (ticker: CRE).
For media contacts, H/Advisors Maitland can be reached at +44 (0) 207 379 5151, and for investor relations and other enquiries, contact [email protected]. The company's joint corporate brokers are Panmure Gordon, Berenberg, and Peel Hunt.
For more information about Conduit Re, visit their website at https://conduitreinsurance.com/.