Conduit welcomes Stephen Redmond to its Board as Non-Executive Director

– BERMUDA, Hamilton –  Conduit Holdings Limited (LON: CRE), the ultimate parent company of Conduit Re, a Bermuda-based reinsurance business, today announced the appointment of Stephen Redmond to its Board as a Non-Executive Director effective from 14 May 2024, bringing extensive insurance and reinsurance experience to the Board.

“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.” said Executive Chairman, Neil Eckert.

Sir Brian Williamson has now stepped down as a non-executive Director.

About Stephen Redmond

Stephen Redmond was MD of Antares Managing Agency Limited, and Active Underwriter of Antares Syndicate 1274. Before his career at Lloyd’s, he held numerous leadership positions in the London market, at General Accident, Eagle Star, and Württembergische Versicherung AG, where he was Managing Director.

Stephen Redmond 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 Redmond serves as a non-executive director of Asta Managing Agency Ltd. where he is a member of the risk, audit, and remuneration committees.

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.

SOURCE: https://conduitreinsurance.com/

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