14 January 2021

Whelan and Hampton join Conduit Re, firm says senior underwriting team now complete

Elaine Whelan has joined Conduit Re as chief financial officer and director.

Whelan was previously chief financial officer at Lancashire, a role she held for nine years. She replaces Mark Heintzman, who has left the company.

Angus Hampton will also be joining Conduit Re as head of international casualty. The reinsurer said these two hires meant its senior underwriting team is now complete.

Conduit Re also reported gross written premiums of around $160 million in the January renewals period, noting it had secured formal trading agreements with 12 of the world's leading reinsurance broking firms.

Trevor Carvey, chief executive officer and chief underwriting officer, said the firm was very pleased with its first renewal season's trading, which he said had met its expectations.

Neil Eckert, Conduit’s executive chairman, said, "Conduit Re is off to a strong start and we are on track to deliver on the business plan we set out to our IPO investors in December.”

Conduit’s IPO prospectus said it will target a dividend in the 2021 financial year of approximately 5-6 percent of equity capital, allocated between an interim and final distribution.