London
13 April 2017
Reporter: Becky Butcher

Flood Re appoints Bord as permanent CEO


Andy Bord, current interim CEO at Flood Re, has been appointed to the position on a permanent basis.

Bord joined Flood Re on 23 January, taking over the CEO position from Brendan McCafferty. Previously, Bord served as CEO of Capita Insurance Services.

Launched last year, Flood Re is a reinsurance programme designed to help provide better access to affordable flood insurance cover.

According to Flood Re, in the programme’s first year the number of households who had made prior flood claims and who could get quotes from two or more insurers increased from 9 percent to 95 percent. In addition, four out of five of these homes saw a reduction in the price of available quotes of more than 50 percent.

Commenting on his appointment, Bord said: "It is a privilege to be staying with a great team that has already made a real difference to the lives of tens of thousands of people across the UK.”

Mark Hoban, chairman of Flood Re, said: “I am delighted that Andy Bord will lead Flood Re into its second year and beyond. Bord has the decisive combination of experience operating at CEO level coupled with a good knowledge of the insurance sector. His work in complex regulated environments along with his strong consumer insight is particularly relevant as we continue to ensure that as many people as possible benefit from the scheme.”

More people moves news
The latest news from Captive Insurance Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
BDA board gains new chair
14 December 2017 | Hamilton | Reporter: Ned Holmes
Paul Scope has been elected as the new chair of the Bermuda Business Development Agency (BDA) and Shelby Weldon has been appointed to the board of directors.
Atlas hires Gail Olsen
07 December 2017 | Charlotte | Reporter: Becky Butcher
Atlas Insurance Management has appointed Gail Olsen as senior vice president of finance and compliance
NAIC elects 2018 officers
06 December 2017 | Washington DC | Reporter: Barney Dixon
Appointments include Julie Mix McPeak, Eric Cioppa, Raymond Farmer and Gordon Ito
Nick Steer steps down as CEO at Compre
04 December 2017 | London | Reporter: Becky Butcher
Nick Steer, a founding director of Compre, will step down from his role as CEO, but will remain within the group serving as non-executive deputy chairman, effective March 2018
MEC hires new director of business development
28 November 2017 | St Louis | Reporter: Jenna Lomax
Agnone will be responsible for identifying new captive opportunities for MEC
Clete Thompson returns to Capstone
27 November 2017 | Houston | Reporter: Becky Butcher
Capstone Associated Services has expanded its presence into the southwestern region of the US, with the addition of Clete Thompson
AGCS promotes corporate and specialty duo
20 November 2017 | New York | Reporter: Becky Butcher
Allianz Global Corporate & Specialty (AGCS) has appointed Paul Schiavone as head of alternative risk transfer and Laura Coppola as regional head of financial lines for the North America region