Conduit Holdings Limited

08 September 2026

Pembroke, Bermuda - [●] September 2026

Pembroke, Bermuda - 8 September 2026

Conduit Holdings Limited

("Conduit Holdings"; LSE ticker: CRE)

Chief Executive Officer Succession

Conduit Holdings, the ultimate parent company of Conduit Re, a Bermuda-based multi-line reinsurance business, today announces that Neil Eckert will step down as Chief Executive Officer (CEO) and Executive Director, effective 1 March 2027. The Board is pleased to announce the appointment of Christian Dunleavy as CEO, effective 1 March 2027. Christian will also join the Board of Conduit Holdings as an Executive Director on the same date.

Christian Dunleavy brings more than 25 years of reinsurance industry experience to Conduit, most recently as Director and Group President of Aspen Insurance Holdings and CEO of Aspen Bermuda Limited. Since joining Aspen in 2015 as Global Head of Property Catastrophe Reinsurance, he held a series of senior leadership roles, including Group Chief Underwriting Officer. During Christian's time at Aspen, he and the leadership team executed a successful transformation of the business, generating strong growth, improved underwriting results and attractive returns on capital with a 2025 initial public offering (IPO) on the New York Stock Exchange.

Earlier in his career, Christian held senior reinsurance underwriting roles at AXIS Capital after beginning his career at RenaissanceRe. He currently serves as Chair of the Association of Bermuda International Companies and an Independent Non-Executive Director of Coralisle Group and HSBC Bank Bermuda Ltd.

Nicholas Shott, Chair of Conduit Holdings, said: "Leadership succession has been a key priority for the Board, and we are delighted that we have been able to identify a high-quality candidate in Christian Dunleavy. He is a highly experienced reinsurance executive with a proven track record of underwriting excellence, leadership and strategic execution. The Board is confident that he is the right person to lead Conduit through the next stage of its development.

"On behalf of the Board, I would like to thank Neil for his outstanding leadership and commitment to Conduit. As a founder, former Executive Chairman and CEO, he has made an enduring contribution to the business. Under his leadership, Conduit has strengthened its market position and established a strong platform for future success. We wish him every success in his next venture."

Christian Dunleavy commented: "It's an honour to be appointed CEO of Conduit. I am excited to join the talented team supporting Conduit's customers with their complex risk solutions. I would like to thank Neil for his leadership in founding and building the company and wish him well in the future. Neil has established a strongly capitalised underwriting platform that is well positioned to thrive in today's rapidly evolving insurance, reinsurance and capital markets. I look forward to building on that success."

Neil Eckert was a founder of Conduit in 2020 and served as Executive Chairman before being appointed CEO in May 2025. He has played a central role in Conduit's development, helping to guide the business through a significant period of growth and leadership transition while strengthening its market profile.

Neil Eckert commented: "It has been an absolute privilege to serve as CEO of Conduit, and I am deeply proud of the organisation we have built. In just five years, Conduit has evolved from a start-up into a respected reinsurance business. I believe Christian is an excellent choice to succeed me as CEO, and I am confident in Conduit's people, strategy and long-term prospects to deliver value for stakeholders. I look forward to working closely with the team over the next six months and welcoming Christian on board next March."

Trading Update

Conduit also confirms that trading has continued in line with expectations since the publication of its 2026 interim results presentation in July 2026.

Media contacts

Haggie Partners - David Haggie / Peter Rigby / Caroline Klein

+44 (0) 207 562 4444

conduitre@haggiepartners.com

Investor relations and other enquiries:

brett.shirreffs@conduitre.bm

Panmure Liberum (Joint Corporate Broker)

+44 (0) 207 886 2500

Berenberg (Joint Corporate Broker)

+44 (0) 203 207 7800

Peel Hunt (Joint Corporate Broker)

+44 (0) 207 418 8900

About Conduit Re

Conduit Re is a Bermuda-based multi-line reinsurance business with global reach. Conduit Reinsurance Limited is licensed by the Bermuda Monetary Authority as a Class 4 insurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of "a-" (Excellent) to Conduit Reinsurance Limited. The outlook assigned to these ratings is stable.

Conduit Holdings Limited is the ultimate parent of Conduit Reinsurance Limited and is listed on the London Stock Exchange (ticker: CRE). References to "Conduit" include Conduit Holdings Limited and all of its subsidiary companies.

Learn more about Conduit Re:

Website: https://conduitreinsurance.com/

LinkedIn: https://www.linkedin.com/company/conduit-re

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