Conduit appoints Lightowler, Mullen and Shaw as non-executive directors
Conduit Holdings has appointed Richard Lightowler (pictured left), Peter Mullen (pictured centre) and Penny Shaw (pictured right) as non-executive directors, strengthening its governance framework with additional expertise in audit, risk management and alternative capital as the reinsurer continues to expand its platform.
Lightowler and Shaw will serve on the audit and remuneration committees, while Mullen will join the remuneration committee.
Lightowler brings more than 30 years of experience across re/insurance and professional services, including nearly two decades as a partner at KPMG Audit in Bermuda. His roles included head of the Bermuda insurance group and global lead partner for large international insurance groups listed in New York and London. He currently serves as a non-executive director of Oakley Capital Investments Limited and Hansa Investment Company Limited.
Mullen has more than 40 years of experience across re/insurance and alternative risk management. His career includes serving as chief executive officer of Artex Risk Solutions and Aon’s captive and insurance management business. A founding member of Artex Risk Solutions, he played a central role in building the platform into a global alternative risk and capital provider. He has led operations across more than 20 jurisdictions and brings expertise in marketing, distribution, governance, enterprise risk management, mergers and acquisitions, and operational transformation. He currently serves as a non-executive director of Artex Risk Solutions and as an executive committee member of Gallagher Specialty.
Shaw is a qualified actuary and experienced non-executive director with over 30 years of experience across the London Market, US and international commercial re/insurance markets. She most recently served as group chief risk officer at Hanover Insurance Group, where she was also a board director and chief risk officer of its former subsidiary, Chaucer Group. Her previous roles include group chief risk officer at Hiscox Group, head of risk at Chubb European Group and joint head of capital at Chubb Group. She brings expertise across actuarial, capital modelling, exposure management, and risk, underwriting, compliance, legal and regulatory engagement. She currently holds non-executive roles at AIG UK, Assured Guaranty UK, Assured Guaranty (Europe) SA, Zurich Assurance and Catalina Worthing Insurance.
Nicholas Shott, chair, said: “On behalf of the Board, I am delighted to welcome Penny, Peter and Richard as non-executive directors. They each bring distinguished insurance industry experience and proven judgement that will be invaluable as Conduit continues to build on recent progress to deliver sustainable and long-term value for shareholders. Their appointments underline our commitment to the highest standards of governance.”
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