Flood Re, the UK’s government-backed flood reinsurance scheme, has announced that interim Chief Executive Officer (CEO), Andy Bord will take on the position permanently.
Bord was named interim CEO of Flood Re in January 2017, and after an extensive and comprehensive search undertaken by Odgers Berndtson, the reinsurer has revealed that Bord will assume the CEO position on a permanent basis.
Chairman of Flood Re, Mark Hoban, commented on the appointment; “I am delighted that Andy will lead Flood Re into its second year and beyond. 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.
“Andy is not only passionate about Flood Re’s mission, but also has the necessary leadership skills required to build on Flood Re’s foundations and take the organisation from strength to strength.”
Bord formerly held the position of CEO at Capita Insurance Services, and has also spent time working for Staysure, BGL Group, and Vodafone UK.
Commenting on his permanent appointment, 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.”