Pool Re announces Angela Knight as new chair

Pool Re announces Angela Knight as new chair 150 150 Haggie Partners

Pool Re, Britain’s leading terrorism reinsurer, today announced the appointment of Angela Knight CBE as non-executive chair, subject to regulatory approval.

Angela has a broad cross-sector track record, combining political experience and business knowledge over a career that has included the financial services industry in the UK and its interaction with regulators and government. She has held roles including economic secretary to the Treasury, chief executive of the British Bankers Association at a critical time in financial services, chair of the Office of Tax Simplification and a number of non-executive positions. Her experience across politics, business and member-based organisations gives her an invaluable perspective in leading the Pool Re Board.

Andrew Skirton, Pool Re’s senior independent director and acting chair, said: “Angela has exactly the right blend of experience to lead Pool Re at a time of significant change -through the current Government Review and beyond. Having led another member-based organisation previously and worked as economic secretary to the Treasury – the ministerial office with responsibility for Pool Re – she understands well the challenges and opportunities that we and all our stakeholders face.”

Julian Enoizi, Pool Re chief executive, said: “Andrew Skirton has been operating as our chair for the last six months following Geoff Riddell’s resignation due to ill health. I would like to thank them both for their dedication and commitment to Pool Re. Our Board is vital in stimulating further innovative thinking within the organisation and the industry as together we continue to meet the challenges of the evolving terrorism threat as well as the emergence of other systemic risks.

“The current Government Review is likely to result in some fundamental and far-reaching changes to how Pool Re operates and subsequently for the terrorism insurance market in the UK. Angela has the relevant experience to lead the Board and to help me in guiding our organisation through this period of transition, bringing a blend of political and commercial acumen that Pool Re needs. We look forward to working with her.”