8 March 2023Insurance

Conduit Re swoops on BMS Re to lead global casualty strategy

Bermuda-based pure-play reinsurer  Conduit Re has brought in a BMS Re’s casualty treaty head to lead the development of its global casualty underwriting strategy, which had previously been split by geography.

Mario Binetti (pictured) joins Conduit Re in the new role of head of casualty.

Binetti has 30 years of experience in the insurance and reinsurance industry. He joins Conduit from BMS Re, where he is currently head of casualty treaty and actuarial. Prior to joining BMS Re, he held senior underwriting roles at several leading reinsurance companies, including at JRG Re, QBE Reinsurance, XL Capital and most latterly as head of casualty and Actuarial at Everest Re, Bermuda.

In his new role, Binetti will lead the development and delivery of the company’s casualty strategy, ensuring innovative and effective reinsurance solutions to clients.

Trevor Carvey, CEO of Conduit, said: “We are delighted to welcome Mario to our team. He is a highly respected leader in the industry, with a deep understanding of casualty underwriting and risk management.”

Gregory Roberts, chief underwriting officer, said: “I look forward to working closely with Mario and our existing team to continue driving forward our casualty strategy.”

Binetti commented: “I am excited to join Conduit Re and have an opportunity to work with such a distinguished and talented team. I look forward to building on the company’s reputation for innovation and excellence in the reinsurance industry and contributing to its continued success.”

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