Board of Directors

Executive Directors

Neil Eckert

EXECUTIVE CHAIRMAN

Trevor Carvey

CEO & CUO

Elaine Whelan

Chief Financial Officer

Non-Executive Directors

Sir Brian Williamson

Senior non-executive director

Elizabeth Murphy

Non-executive director

Ken Randall

non-executive director

Malcolm Furbert

non-executive director

Dr Richard L. Sandor

non-executive director

Michelle Seymour Smith

non-executive director

Neil Eckert

Executive Chairman

Appointed to the Board: 7 October 2020

Skills and experience: Neil Eckert is an entrepreneur with four decades of re/insurance industry experience. Beginning as a reinsurance broker, he rose through the ranks to board member at Benfield Lovick & Rees & Co. He then founded Brit Insurance Limited in 1995, remaining as CEO until 2005 and member of the Board until 2008.

Neil was also the co-founder and CEO of Climate Exchange PLC until its sale to ICE in 2010. Neil then founded Aggregated Micropower Holdings plc, which was sold in January 2020.

Neil is passionate about all things environmental and is key to Conduit’s ESG strategy.

External directorships: Incubex Ltd, Ebix Inc., Boutique Modern Limited, Chalvington Management Limited, Chalvington Batteries Limited, Bellaroma Investments Limited, Bishopsgate Solar 1 Limited, Seago Yachting Limited, Ripe Village Stores, Ripe Foods Limited, Natural Capital Exchange Limited, Wingrove House Limited, Whetstone Properties Limited, Titan (South West) Limited, Cricket Management Limited.

Committee memberships:  ESG Committee.

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Trevor Carvey

Executive Director, Chief Executive Officer and Chief Underwriting Officer

Appointed to the Board: 18 November 2020

Skills and experience: Trevor Carvey is a highly regarded reinsurance manager and underwriter with a track record of profitable build-outs in the reinsurance industry. Having led the consolidation and subsequent profitable turnaround of the GE Frankona Marine & Energy Global portfolio in the 1990s, he then became a founding underwriter and leader at Arch Re Bermuda in 2002.

In 2007 Trevor joined Harbor Point Re in the UK to lead the build-out of its reinsurance operations. He became CUO Europe of the Alterra Re business after Harbor Point’s merger with Max Re in 2012. Trevor was then responsible for the successful integration of Alterra Re’s Global Re unit into Markel.

In 2015 Trevor joined Hamilton to assist in building out a new treaty reinsurance strategy in the UK and subsequently served as active underwriter for the three years from 2016 to 2018.

Trevor leads all aspects of Conduit Re’s business, in particular the build out of its underwriting activities.

External directorships: Triple R Industries Limited, Beneficial House (Birmingham) Regeneration LLP, Stanley Dock (All Suite) Regeneration LLP.

Committee memberships:  n/a

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Elaine Whelan

Executive Director and Chief Financial Officer

Appointed to the Board: 14 January 2021

Skills and experience: Elaine Whelan is an accomplished and experienced public company CFO who has worked in the re/insurance industry for over 25 years. She is a member of The Institute of Chartered Accountants of Scotland, a member of The Chartered Professional Accountants of Bermuda and a member of The Institute of Directors.

After qualifying, Elaine joined PwC in Bermuda in 1997. From 2001 to 2006 she held a number of positions at Zurich Insurance Company, Bermuda Branch, ultimately as Chief Accounting Officer. In 2006 she joined the Lancashire Group as Financial Controller. She subsequently performed various financial and management roles for the Lancashire Group, including as CEO, Lancashire Insurance Company Limited. From January 2011 to February 2020 Elaine was Group CFO, Lancashire Holdings Limited, and she was also a main board director from January 2013 to February 2020.

Elaine is responsible for all aspects of Conduit Re’s financial management and reporting and serves as an executive director on the boards of CHL and CRL.

External directorships: n/a

Committee memberships:  n/a

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Sir Brian Williamson CBE

Senior Independent Director

Appointed to the Board: 18 November 2020

Skills and experience: Sir Brian Williamson has held a number of chairmanships and directorships in banking, exchanges, funds, investment trusts and private equity. Sir Brian was Chairman and Chief Executive of Gerrard Group PLC. A member of the Court of the Bank of Ireland, a director of HSBC Holdings PLC, where he was also Chairman of the Nomination Committee, and a director of the NYSE Euronext and Chairman of the Remuneration Committee.

Sir Brian was one of the four founders of the London International Futures Exchange and twice Chairman. In the US, Sir Brian has been a board member of both Nasdaq (additionally serving as Chairman of its international advisory board) and the New York Stock Exchange. In the UK, he was a director of The Climate Exchange PLC.

Sir Brian is currently a director of Incubex, which is in partnership with the European Energy Exchange, part of the Deutsche Borse Group and Nodal Exchange in the US.

Sir Brian is a former director of London International Vintners Exchange, Fleming Emerging Markets Investment Trust PLC, Templeton Emerging Market Investment Trust PLC, Waverton Investment Trust PLC and he chaired Electra Private Equity PLC. Sir Brian was also the first chairman of Resolution Life Group.

Sir Brian has served on regulatory bodies in both the US and UK, the National Association of Securities Dealers and The Financial Services Authority.

External directorships: Edenberg Trust Corporation Limited, R.J. Fleming & Co Limited, Vice Chairman of Bergos Fleming Zurich, Director Politeia, and Incubex Inc.

Committee memberships:  Remuneration Committee (chair) and Nomination Committee.

Elizabeth Murphy

Independent Non-Executive Director

Appointed to the Board: 18 November 2020

Skills and experience: Elizabeth Murphy has worked in the insurance and reinsurance industry for more than 30 years. Elizabeth qualified as a chartered accountant with Coopers & Lybrand in London and moved to work for them in Bermuda. She continued her career with ACE Tempest Reinsurance Ltd as Chief Financial Officer from 1993 to 2000 and as Treasurer of ACE Limited for the next two years.

From 2002 to 2006, Elizabeth worked for Scottish Re Group Limited, as Chief Financial Officer and Executive Vice President. From 2006 to 2008 she was an Executive Director of Kiln Limited, Chair of the Compensation Committee and Non-Executive Member of the Audit Committee and she also served on the Board of SCPIE Holdings Inc. where she was a member of the Audit Committee and Stock Option Committee. From 2009 to 2015 Elizabeth was an Executive Director and Chief Financial Officer of Amlin Bermuda Ltd./Amlin AG and a member of the Risk Committee.

External directorships: Bernina Re Holding Ltd., Bernina Re Ltd.

Committee memberships:  Audit Committee (Chair) and Nomination Committee.

Ken Randall

Independent Non-Executive Director

Appointed to the Board: 18 November 2020

Skills and experience: Ken Randall is a certified accountant and has worked in the insurance industry for more than 46 years. During the early 1980s, Ken was Head of Regulation at Lloyd’s which was then a self-regulated institution. From 1985 until 1991 Ken served as Chief Executive of the Merrett Group, which managed a number of prominent syndicates at Lloyd’s.

In 1991, Ken left Merrett to set up his own business in partnership with Alan Quilter. Over the next eight years they developed the Randall & Quilter Group’s principal subsidiary, the Eastgate Group, into the UK’s largest third party provider of insurance services with 1,300 employees and a turnover of over £80 million per annum. Eastgate was sold to Capita plc in November 2000.

Following the sale of Eastgate, Ken and Alan refocused Randall & Quilter onto the acquisition of non-life legacy run-off portfolios and again developed an insurance servicing business in London and the US; initially, the Randall & Quilter Group’s service offering focused on legacy portfolios and in recent years has also developed a fast-growing programme management business in Europe and the US.

Ken retired as a director of Randall & Quilter Investment Holdings Ltd. and all of its subsidiary companies on 31 March 2021.

External directorships: Tradesman Program Managers, LLC, Roosevelt Road Ltd, Roosevelt Road Re Ltd, Leamington Insurance Advisors Ltd., Renaissance Capital Partners Limited, Financial Guaranty Insurance Company Ltd.

Committee memberships:  Audit Committee, Nomination Committee (Chair) and Remuneration Committee.

Malcolm Furbert

Independent Non-Executive Director

Appointed to the Board: 18 November 2020

Skills and experience: Malcolm Furbert is a corporate and regulatory lawyer with over 30 years’ experience including as a corporate lawyer with one of Bermuda’s leading law firms and over 15 years’ diverse in-house legal counsel and management experience with Bermuda based insurance and reinsurance companies (including American International Company Limited, Catlin Insurance Company Limited and XL Catlin), most recently as General Counsel and Head of Compliance & Regulatory Affairs for the Bermuda operations of XL Catlin, a Bermuda based global re/insurance company (following the acquisition of the Catlin Group by XL Capital).

In these roles he provided general and transactional legal and regulatory advice and support to all business areas, and had oversight over the Bermuda compliance function. He also acted as company secretary to both regulated and non-regulated group companies.

He is a member of the Bar of England and Wales and the Bermuda Bar.

External directorships: Somers Corporate Services Limited

Committee memberships:  Remuneration Committee and Nomination Committee.

Dr Richard L. Sandor

Independent Non-Executive Director

Appointed to the Board: 26 November 2020

Skills and experience: Richard Sandor is an entrepreneur and economist and is Chairman and CEO of the American Financial Exchange (AFX) and the CEO of Environmental Financial Products (EFP).

Richard is currently the Aaron Director Lecturer in Law and Economics at the University of Chicago Law School and an honorary Professor at the University of Hong Kong and the school of Economics at Fudan University. He formerly taught at graduate and undergraduate levels at several universities throughout California, Illinois, New York, China and England.

Richard was awarded the title of Chevalier de la Légion d’honneur (Knight of the Legion of Honour) in France, for his accomplishments in the field of environmental finance and carbon trading. He is a member of the Advisory Board of the Center for Financial Stability, a member of the Board of Governors of the School of the Art Institute (SAIC), a senior Fellow of the Milken Institute and International Emissions Trading Association and a member of the Advisory Committee of the Ronald Coase Centre for Property Rights Research at the University of Hong Kong.

He formerly served on the boards of leading commodity and futures exchanges in the US, such as the CME and ICE, and in London and China, as well as one of North America’s largest utility companies, American Electric Power, and several philanthropic and non-for-profit organisations.

External directorships: American Financial Exchange, LLC, Environmental Financial Products, LLC.

Committee memberships:  Remuneration Committee and Nomination Committee.

Michelle Seymour Smith

Independent Non-Executive Director

Appointed to the Board: 15 September 2021

Skills and experience: Michelle Seymour Smith has over 20 years of experience in the insurance and reinsurance industry. During her career, Michelle built a reputation of making strategic initiatives a reality and building effective teams and operations to support sustained growth in global organisations.

Michelle began her career with Arthur Andersen in 1995.  She went on to hold positions at Zurich Insurance Global Energy and XL Capital Ltd.  In 2004, she joined Arch Reinsurance Ltd as Vice President, Controller. She performed several roles at Arch Re including Chief Financial Officer and Chief Operating Officer, building and overseeing the financial operations of the insurance, reinsurance and mortgage divisions and their international subsidiary reinsurance division.  She served as the Chief Transformation Officer of Arch Capital Group Ltd until 2019, leading a global programme to grow business and improve operational efficiency.

Michelle has been named as one of 100 Influential Women in Insurance and Reinsurance by Intelligent Insurer.   She is a member of The Chartered Professional Accountants of Bermuda and the Institute of Directors.

External directorships: n/a

Committee memberships:  Audit Committee