Conduit Re, the reinsurance company based in Bermuda, has appointed Mario Binetti in the new role of head of casualty.

Mr Binetti joins Conduit from BMS Re, where he was head of casualty treaty and actuarial.

He previously worked at JRG Re, QBE Reinsurance, XL Capital and Everest Re, Bermuda.

With 30 years of experience in the insurance and reinsurance industry, Conduit said, Mr Binetti brings a wealth of expertise and knowledge to the role. Throughout his career, he has held various leadership roles in both an underwriting capacity as well as actuarial.

Mr Binetti will be responsible for leading Conduit’s global casualty underwriting team, which had previously been split by geography. He will lead the continued development and delivery of the company’s casualty strategy, ensuring that Conduit continues to provide its clients with innovative and effective reinsurance solutions, the company said.

Mr Binetti is an associate of the Casualty Actuarial Society.

Trevor Carvey, CEO of Conduit, said: “We are delighted to welcome Mario to our team. He is a highly respected leader in the industry, with a deep understanding of casualty underwriting and risk management.”

Gregory Roberts, chief underwriting officer, said: "I look forward to working closely with Mario and our existing team to continue driving forward our casualty strategy.”

Mr Binetti added: “I am excited to join Conduit Re and have an opportunity to work with such a distinguished and talented team. I look forward to building on the company’s reputation for innovation and excellence in the reinsurance industry and contributing to its continued success.”