Conduit Holdings, the ultimate parent company of Conduit Re, a multi-line Bermuda-based reinsurance business, has announced the appointment of Nicholas Shott as Chair of the Board.
Shott, who joined the Conduit Holdings Board in November 2025, will also succeed Ken Randall as Chair of the Nomination Committee. Prior to this appointment, he had been serving on both the Nomination and Remuneration Committees.
In line with these changes, Rebecca Shelley will resume her role as Senior Independent Director, also succeeding Ken Randall in that capacity. She will continue to serve as Chair of the Remuneration Committee.
Commenting on the appointment, Neil Eckert, Chief Executive Officer, said: “On behalf of the Board, I would like to congratulate Nicholas on his appointment as Chair. I look forward to working with him as Conduit moves into the next phase of its development. I would also like to express our sincere thanks to Rebecca for serving as Interim Chair during our search process.
“Her leadership ensured stability and continuity at a pivotal time for the business. The Board is equally grateful to Ken Randall for his significant contribution as Chair of the Nomination Committee since Conduit’s IPO in 2020, and for stepping into the Senior Independent Director role while Rebecca undertook her interim responsibilities.”
Shott added: “I am delighted to have been appointed as Chair of the Board. I intend to bring a relentless focus to supporting the Executive team in maximising value for Conduit’s shareholders.”
Conduit Holdings also announced that Elizabeth Murphy is set to retire from the Board before the 2026 Annual General Meeting (AGM) in May.
According to the announcement, this retirement is part of standard Board-succession planning, as she completes her sixth year of service. The search for her replacement is underway and is expected to conclude soon.
