Pool Re announces new regulatory chair
Pool Re announces Angela Knight as new regulatory chair
Pool Re announces Angela Knight as new chair

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 which 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  also 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 at this time . We look forward to working with her.”

 

COH_J013056 Pool Re MTU Dec web images2

11 Jan: Monthly Threat Update December 2021

There were no terrorist attacks in Great Britain this month. However, the Minister of State for Security and Borders re-emphasised the evolving nature of the terrorist threat towards “self-initiated” terrorism, particularly as a result of the COVID-19 pandemic.
COH_J013048 Pool Re MTU Nov web images2

10 Dec: Monthly Threat Update November 2021

There was one terrorist attack in Great Britain this month: an Improvised Explosive Device partially detonated outside the Liverpool Women’s hospital. It remains unknown if the hospital was the intended target as a Remembrance Day service was underway nearby, and the motivation for the attack is still unconfirmed. As a result of this attack, and the killing of Sir David Amess MP last month, the UK terrorism threat level was raised to SEVERE: meaning an attack is “highly likely”.

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