The terrorism reinsurer Pool Re has today announced the appointment of Angela Knight CBE (pictured) as non-executive chair, subject to regulatory approval. Knight brings to the role a broad cross-sector track record, and her career to date has combined political experience with business knowledge. She has previously served in a variety of roles including as economic secretary to the Treasury, chief executive of the British Bankers Association, chair of the Office of Tax Simplification and several non-executive positions.
In a Press release, her experience across politics, business and member-based organisations was noted for the invaluable perspective she will bring to leading the Pool Re Board. Andrew Skirton, Pool Re’s senior independent director and acting chair said that Knight has exactly the right blend of experience to lead Pool Re at a time of significant change, through the current Government Review and beyond.
Skirton added that: “Having led another member-based organisation previously and worked as economic secretary to the Treasury – the ministerial office with responsibility for Pool Re - she understands well the challenges and opportunities that we and all our stakeholders face.”
Commenting on Knight’s appointment, Julian Enoizi, Pool Re chief executive outlined that Skirton has been operating as Pool Re’s chair for the last six months following Geoff Riddell’s resignation due to ill health. He said he would like to thank both Skirton and Riddell for their dedication and commitment to Pool Re. Enoizi noted that the reinsurer’s board is essential for stimulating further innovative thinking within both the organisation and the industry, as they continue to meet the challenges of the evolving terrorism threat as well as the emergence of other systemic risks.
“The current Government Review is likely to result in some fundamental and far-reaching changes to how Pool Re operates and subsequently for the terrorism insurance market in the UK,” he said. “Angela has the relevant experience to lead the Board and to help me in guiding our organisation through this period of transition, bringing a blend of political and commercial acumen that Pool Re needs. We look forward to working with her.”