Pool Re appoints Hiscox CEO
Pool Re, the mutual reinsurer that provides terrorism cover for commercial property in the UK, has appointed Bronek Masojada as non-executive director.
Masajada currently serves as chief executive officer of Hiscox. He began his career at McKinsey and Co, where he was a member of the team which advised Lloyd’s during the Rowland Taskforce in 1991.
He previously served as deputy chairman of Lloyd’s from 2001 to 2007 and is currently a member of the board of the Association of British Insurers (ABI).
Anthony Latham, chairman of Pool Re, said: “Pool Re has evolved dramatically in the past two years. The continued development of this excellent example of public/private partnership requires innovative thinking and expert input from across the market.
“Bronek is a renowned ambassador for the insurance industry and has been a leading advocate for its development. I am delighted to welcome him to our Board and I am certain that his counsel will be invaluable as we continue to build a scheme which can serve as a template for insurance pools across the globe.”
Masojada added: “Pool Re is an example of how an industry led, comprehensive solution can provide an essential backstop against systemic risk and I am looking forward to being a part of the ongoing development of the pool.”
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