Conduit Re bolsters team with hires from rivals including Sirius

Conduit Reinsurance, the main operating subsidiary of Conduit Holdings, has bolstered its underwriting, management and executive team with a number of senior hires from companies including Apollo Re, Sirius and AmTrust Re.

Chris Board joins from Apollo Re as head of international property and short tail specialty, Erik Soria joins from Sirius as head of US casualty, Greg Roberts joins from AmTrust Re as head of property and Marc Bearman joins from AXA XL as head of specialty – marine and energy. In addition, Keith Griffin joins as chief actuary from Peak Capital, Andrew Smith takes up the post of chief risk officer and Bianca Harris joins as head of human resources.

Conduit Holdings’ shares were admitted to trading on the main market of the London Stock Exchange on 7 December 2020. Conduit Re holds a Class IV license from the Bermuda Monetary Authority and has been assigned a Financial Strength Rating of A- (Excellent) by AM Best.

Trevor Carvey, CEO and chief underwriting officer, Conduit Re, said: “We are delighted to welcome our new colleagues to the business. We are now well into the 1/1 renewal season and are underwriting business on the lines we have been targeting. Market conditions continued to strengthen in the run up to completion of our IPO and we are very pleased with the quality and terms of what we are writing.”

Neil Eckert, executive chairman, added: “Conduit Re is off to a strong start, benefitting from the year of preparation we put into the plan prior to launch. We are pleased to recruit a number of high caliber individuals who fit with the team ethos we set out at IPO. We will issue a formal trading update to shareholders on 19th January 2021.”