Appointment of Chief Underwriting Officer

RNS Number : 7514B

Conduit Holdings Limited

15 February 2022

 

Conduit Holdings - Appointment of Chief Underwriting Officer

Conduit Holdings Limited ("CHL" or "Conduit") (Ticker: CRE)

Pembroke, Bermuda - 15 February 2022

Appointment of Greg Roberts as Chief Underwriting Officer

Conduit is pleased to announce the appointment of Greg Roberts as Group Chief Underwriting Officer. Greg takes over this role from Trevor Carvey, the Group Chief Executive Officer and the current Group Chief Underwriting Officer, with effect from 1 March 2022, when he will also join the Executive Committee.

Greg joined Conduit prior to the IPO in 2020 to lead Conduit's property underwriting.

Trevor Carvey, Group Chief Executive Officer, said: "Greg has shown great ability and leadership right from our pre-IPO planning stages through to establishing a solid presence in the market throughout our first year of trading. He has been instrumental in putting in place so many of the essential building blocks around Conduit's underwriting, systems and team building. Greg has excellent commercial awareness, an acute sense of the underlying insurance dynamics and an in-depth understanding of the reinsurance marketplace in general. Transferring the CUO responsibilities to Greg is a natural progression, enabling me to concentrate on my role as Group CEO as we scale our business and grow strategically for the future."

Neil Eckert, Group Executive Chairman, added: "It was always our intention to split the roles of CEO and CUO to allow Trevor to concentrate on his role as CEO and the strategic development of the Group. Under Trevor's leadership, we are now through the initial foundational phase of building out both our underwriting team and portfolio. During that process, Greg has emerged as the outstanding candidate to assume the mantle of CUO and we feel that now is the right time to promote Greg into this key role."

Greg brings 20 years' underwriting experience to Conduit. He spent 18 years of his career at MS Amlin, where he held a number of roles including Leading Class Underwriter and Head of Reinsurance Catastrophe Modelling. Most recently he was Head of North American Property Treaty, London for MS Amlin. In 2018 Greg joined Am Trust Re, where he established and ran the property reinsurance division until the sale of syndicate 1861 in 2019.

Greg will report to, and continue to work closely with, Trevor.

The appointment is subject to Bermuda immigration approval.

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About Conduit Re

Conduit Re is a pure play global reinsurance business based in Bermuda. 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.

Learn more about Conduit Re:

Website: https://conduitreinsurance.com/ 

LinkedIn: https://www.linkedin.com/company/conduit-re 

Twitter: https://twitter.com/Conduit_Re 

 

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