Pool Re boosts board with former Zurich exec

Pool Re, the mutual reinsurer that provides terrorism cover for commercial property in the UK, has strengthened its board with the appointment of Geoffrey Riddell as non-executive director.

Riddell most recently as regional chairman of Asia Pacific, Middle East and Africa for Zurich Insurance. Prior to this, he served as chief executive officer (CEO) and then chairman of Zurich Global Corporate.

Anthony Latham, chairman of Pool Re, said: “Evolving terrorists’ methods and the fraught global geopolitical landscape pose a number of fundamental questions for the future of terrorism re/insurance.

“To ensure that the Pool Re scheme can continue to adapt to mitigate an increasingly broad spectrum of terrorist tools and motivations requires the input of individuals with the requisite expertise to begin formulating responses to these complex questions.

“Throughout his career, Geoff has demonstrated an ability to break new ground and offer solutions that have propelled businesses forward, I am very pleased to welcome him to our board”.

Riddell added: “Pool Re has rapidly and comprehensively enhanced its proposition to reflect the needs of its members and stakeholders and in response to changes in the risk environment. Its terrorism insurance experience is second to none and I look forward to supporting it in its efforts to drive national and international terrorism insurance thinking and best practice.”