General Insurance Article - Flood Re appoints new Chief Risk Officer


Flood Re has appointed Michael Bartholomeusz as its Chief Risk Officer. In his new role, Michael is responsible for overseeing, coordinating and facilitating the scheme’s risk management framework, as well as leading the governance of risk management practices across the organisation. The appointment is subject to regulatory approval as part of Flood Re’s authorisation.

 Michael is a member of Flood Re’s Executive Committee, and reports to Brendan McCafferty, CEO of Flood Re. He will play a key part in establishing the scheme, which will provide access to affordable flood insurance for homes at risk of flooding. 

 Michael joins Flood Re as an experienced Chief Risk Officer, with a career spanning over 30 years in insurance, lending and risk consulting at organisations which have included AIG, Prudential, KPMG and Abbey National.

 Michael said: “It is a privilege to join the Flood Re team at this time ahead of the organisation’s planned launch in 2016. The challenge to be part of establishing this world first scheme to help hundreds of thousands of people who live in flood risk areas is hugely motivating.”

 Brendan McCafferty, CEO of Flood Re, commented: “We are delighted to welcome Michael as the Chief Risk Officer of Flood Re. The wealth of experience he will bring to the team, through overseeing and coordinating Flood Re’s risk framework, will be invaluable.”
  

Back to Index


Similar News to this Story

LA wildfires expose insurance crisis
Following the recent devastation caused by wildfires in Los Angeles, which have resulted in billions of dollars in damage; Ben Carey-Evans, Senior Ins
LIIBA publish their 2025 agenda
A groundbreaking project to quantify the monetary value of London’s brokers to the global economy is at the centre of LIIBA’s newly published agenda f
Car insurance records biggest annual fall in over 10 years
Comprehensive car insurance premiums have decreased by 16% (£161) during the last 12 months. UK motorists are now paying £834 on average, according to

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.