Conduit Holdings Appoints New Directors
Conduit Holdings Limited has announced the appointment of Richard Lightowler, Peter Mullen, and Penny Shaw as Non-Executive Directors with effect from 26 March 2026.
A spokesperson said, “Conduit Holdings, the ultimate parent company of Conduit Re, a Bermuda-based multi-line reinsurance business, today announces the appointments of Richard Lightowler, Peter Mullen and Penny Shaw as Non-Executive Directors with effect from 26 March 2026. Richard and Penny will serve on Conduit’s Audit and Remuneration Committees. Peter will serve on Conduit’s Remuneration Committee.”
Nicholas Shott, Chair, commented: “On behalf of the Board, I am delighted to welcome Penny, Peter and Richard as Non-Executive Directors. They each bring distinguished insurance industry experience and proven judgement, that will be invaluable as Conduit continues to build on recent progress to deliver sustainable and long-term value for shareholders. Their appointments underline our commitment to the highest standards of governance.”
A spokesperson added, “Richard Lightowler brings extensive leadership and technical expertise from more than three decades in the [re]insurance and professional services industries to his appointment. Richard spent nearly 20 years as a Partner at KPMG Audit Limited in Bermuda, during which time his leadership roles included Head of the Bermuda Insurance Group, membership of the firm’s Global Insurance Leadership Team, and Global Lead Partner for large international insurance groups listed in New York and London. Throughout his career, Richard has developed deep experience across audit, capital markets transactions, and merger and acquisition due diligence. He has expertise in regulation, governance, risk management and operating model design. Richard currently serves as a non‑executive director of Oakley Capital Investments Limited and Hansa Investment Company Limited.
“Peter Mullen is a senior insurance executive with over 40 years of experience across [re]insurance and alternative risk management. Peter’s distinguished career includes serving as Chief Executive Officer of both Artex Risk Solutions and Aon’s Captive and Insurance Management business. A founding member of Artex Risk Solutions, Peter played a central role in building the platform into a global leader in alternative risk and capital. Peter has led complex insurance and alternative market operations across more than 20 jurisdictions and brings deep expertise in marketing, distribution, governance, enterprise risk management, mergers and acquisitions, and operational transformation. Peter currently serves as a non-executive director of Artex Risk Solutions and as an executive committee member of Gallagher Specialty.
“Penny Shaw is an experienced non-executive director and a qualified actuary with over 30 years of experience across the London Market, US and international commercial [re]insurance markets. She has held several senior executive roles, most recently as Group Chief Risk Officer at Hanover Insurance Group, where she also served as Board Director and Chief Risk Officer of its then subsidiary, Chaucer Group. Prior to this, Penny’s roles have included Group Chief Risk Officer at Hiscox Group, Head of Risk at Chubb European Group and Joint Head of Capital at Chubb Group. Penny has extensive experience across actuarial, capital modelling and exposure management disciplines, and in risk, underwriting, compliance, legal and regulatory engagement. Penny currently serves as a non‑executive director of AIG UK Limited, Assured Guaranty UK Limited, Assured Guaranty [Europe] SA, Zurich Assurance Ltd, and Catalina Worthing Insurance Limited [Chair].
“There is no further information required to be disclosed with respect to the appointments of Richard Lightowler, Peter Mullen and Penny Shaw, pursuant to paragraph 9.6.13R of the Listing Rules.”
