Flood Re appoints Andy Bord as new CEO
Flood Re as appointed Andy Bord, currently interim CEO at Flood Re, to the position permanently, subject to regulatory approval.
Flood Re was set up in the UK to help people living in areas at risk of flooding to access affordable flood insurance.
“I am delighted that Andy will lead Flood Re into its second year and beyond,” said Mark Hoban, chairman of Flood Re.
“Andy has the decisive combination of experience operating at Chief Executive 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."
Bord has previously been CEO at Capita Insurance Services and has also worked for Staysure, BGL Group (owners of CompareTheMarket) and Vodafone UK.
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. I am excited to be taking the Scheme forward, working with policymakers across the UK, the insurance industry and local communities so we continue to ensure access to more affordable flood insurance.”
Bord’s predecessor as Flood Re CEO, Brendan McCafferty had left to become CEO of AXA Insurance, Intermediated and Direct, effective February 13, 2017.
Today’s top stories
AM Best downgrades Lloyd’s Syndicate 2001 on deteriorating performance
Insurers embrace Artificial Intelligence triggering fear amid staff
Everest Re likely to get involved in M&A: CreditSights
Extratropical Cyclone Zeus insured loss estimated at €192m
Did you enjoy reading this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
