CHL, the ultimate parent company of multi-line Bermuda-domiciled reinsurer, Conduit Re, has appointed Neil Eckert as its new Chief Executive Officer (CEO), effective immediately, subject to Bermuda immigration approval.
Eckert has been acting as Conduit’s interim CEO since late March 2025, following the retirement of Trevor Carvey.
The appointment follows the conclusion of a recruitment process where CHL’s Nomination Committee was assisted by an independent executive search firm, which does not have any connection with the reinsurer.
Alongside this, Rebecca Shelley, Senior Independent Director, has been appointed as Non-Executive Chair on an interim basis, while the Board commences a search for a permanent Chair.
Additionally, Ken Randall has been appointed as Senior Independent Director.
In accordance with the UK Corporate Governance Code, Shelley has been determined to be independent upon appointment as Interim Chair. The reinsurer explained that there are no circumstances likely to impair, or appear to impair, her independence. Sainty Hird will also assist the Board in recruiting a permanent Chair.
Shelley commented, “The Board is pleased to announce the appointment of Neil as permanent CEO of Conduit. As a founder of Conduit, Neil has been deeply committed to Conduit since its inception.
“After conducting a search process, the Board believes that Neil’s wealth of experience, strong leadership and intimate knowledge of the business and team make him the right leader to guide Conduit through its next phase of growth and maturity.
“We are confident that Neil and the executive team will deliver on Conduit’s objectives to generate value for shareholders.”
Eckert added, “I am delighted and honoured to accept the CEO role on a permanent basis and I look forward to continuing to work with the strong team at Conduit Re to deliver value to our investors, and to navigate through the inevitable challenges and opportunities that will come to Conduit Re in the years ahead.”
