Bermudian-based Conduit Holdings Ltd has appointed Greg Roberts as group chief underwriting officer.

Mr Roberts, whose appointment is subject to Bermuda immigration approval, takes over the role from Trevor Carvey, the group chief executive officer and the current group chief underwriting officer, effective from March 1, when he will also join the executive committee.

He joined Conduit before the IPO in 2020 to lead Conduit's property underwriting.

The company said Mr Roberts would report to, and continue to work closely with, Mr Carvey, who said: "Greg has shown great ability and leadership right from our pre-IPO planning stages through to establishing a solid presence in the market throughout our first year of trading.

“He has been instrumental in putting in place so many of the essential building blocks around Conduit's underwriting, systems and team building. Greg has excellent commercial awareness, an acute sense of the underlying insurance dynamics and an in-depth understanding of the reinsurance marketplace in general.”

Mr Carvey added: “Transferring the CUO responsibilities to Greg is a natural progression, enabling me to concentrate on my role as group CEO as we scale our business and grow strategically for the future."

Neil Eckert, group executive chairman, added: "It was always our intention to split the roles of CEO and CUO to allow Trevor to concentrate on his role as CEO and the strategic development of the group.

“Under Trevor's leadership, we are now through the initial foundational phase of building out both our underwriting team and portfolio. During that process, Greg has emerged as the outstanding candidate to assume the mantle of CUO and we feel that now is the right time to promote Greg into this key role."

Mr Roberts has more than 20 years’ underwriting experience.

He spent 18 years at MS Amlin, where he held a number of roles including leading class underwriter and head of reinsurance catastrophe modelling. Most recently, he was head of North American property treaty, London.

In 2018, Mr Roberts joined Am Trust Re, where he established and ran the property reinsurance division until the sale of syndicate 1861 in 2019.