APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

Conduit Holdings Limited

Hamilton, Bermuda (30 September 2021)

Conduit Holdings Limited ("CHL" or the "Group") today announces the appointment of Michelle Seymour Smith as a non-executive director with immediate effect.

Michelle is based in Bermuda where she has enjoyed a highly successful career in the insurance industry spanning more than 20 years since qualifying as a chartered accountant with Arthur Anderson.

She most recently served as the Chief Transformation Officer of Arch Capital Group Ltd. until 2019 where she spearheaded a global initiative to establish a group-wide culture of continuous improvement to grow business and improve operational efficiency. Immediately prior to that, she was the Chief Financial Officer and Chief Operating Officer of Arch Reinsurance Ltd., building and overseeing the financial operations of the insurance, reinsurance and mortgage divisions as well as those of Arch's international subsidiary reinsurance divisions. Before joining Arch in 2004, Michelle held positions at XL Capital Ltd. and Zurich Insurance Global Energy.

Michelle will also serve on CHL's Audit Committee.

Neil Eckert, Group Executive Chairman, commented:

"We are delighted to welcome Michelle to the Board of Conduit. We are lucky to be able to draw on her wealth of expertise and experience, not just on the financial side of our business where she has had an illustrious career, but also in the cultural aspects of building a business, where she has left a trail of success in her wake. I very much look forward to working with her."

Trevor Carvey, Group Chief Executive Officer, commented:

"Michelle has an exceptional reputation in our industry. She is an accomplished and respected business leader and shares all of the values that form the foundations of the business we are building at Conduit."

There is no further information required to be disclosed with respect to Ms Seymour Smith's appointment pursuant to paragraph 9.6.13R of the Listing Rules.

About Conduit Re

Conduit Re is a pure play global reinsurance business based in Bermuda. The Group's main operating subsidiary Conduit Reinsurance Limited, is licensed by the Bermuda Monetary Authority as a Class 4 reinsurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of "a-" to Conduit Reinsurance Limited. The outlook assigned to these Credit Ratings (ratings) is stable.

Learn more about Conduit Re:

Website: https://conduitreinsurance.com/ 

LinkedIn: https://www.linkedin.com/company/conduit-re 

Twitter: https://twitter.com/Conduit_Re 

Media contacts:

Haggie Partners - David Haggie, Caroline Klein

+44 (0) 207 562 4444

[email protected] 

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