Britain’s terrorism reinsurer Pool Re has appointed a risk management head for its new division Pool Re Solutions.
Chris Medhurst-Cocksworth (pictured) will lead the risk management services offered by the specialist unit, which was launched in November 2019. Pool Re Solutions was developed to streamline and amplify the mutual’s emphasis on risk awareness, risk modelling, and risk management.
Reporting to Pool Re chief underwriting officer Steve Coates, Medhurst-Cocksworth will focus on developing terrorism-related risk management tools and expert services aimed at assisting member insurers and their policyholders.
“I am looking forward to working with our stakeholders to ensure that Pool Re Solutions offers the services and capabilities necessary to support their management of the terrorism risk,” noted Medhurst-Cocksworth, who previously served with the British Armed Forces prior to joining Marsh Risk Consulting in 2016.
“The unit is committed to supporting HM Government’s CONTEST strategy by building resilience and scaling the UK’s ability to tackle terrorism.”
Meanwhile Coates stated: “As terrorism threats have been constantly evolving, we are investing significantly in our in-house risk management capabilities to support the needs of our members and their policyholders.
“The recent launch of Pool Re Solutions provides the mechanism through which we will help our stakeholders evaluate, quantify, and manage terrorism risk. Chris’s experience will be a valuable asset in this regard as we facilitate the mitigation of terrorism risk, and its integration within policyholder risk frameworks.”
