UK government-backed terrorism reinsurer Pool Re has announced the additions of Claudio Gienal and Alan Rubenstein to its Board, effective March 11th, 2021.
Gienal serves as the Chief Executive Officer (CEO) of AXA UK & Ireland, a member of Pool Re, while Rubenstein is the Chairman of NHBC.
Both appointments will contribute their extensive expertise in commercial insurance to Pool Re at a key time for the reinsurer as it navigates the outcomes of the ONS classification and the HM Treasury Review.
Additionally, Rubenstein will serve as Chair of the Investment Committee, following the retirement of Alan Brown after more than 12 years’ service.
Julian Enoizi, Pool Re’s CEO, commented: “It gives me great pleasure to welcome Claudio and Alan to the Pool Re board. Their combined experience will be of huge benefit to us as we chart the future direction of Pool Re. Our board members are vital as part of stimulating further innovative thinking within the organisation and the industry as we continue to meet the challenges of the evolving terrorism threat together as well as the emergence of other systemic risks.
“I very much look forward to working with Claudio and Alan. I would also like to take this opportunity to thank Alan Brown for his many years of dedicated service to our board.”
Back in September of last year, the UK Treasury announced the launch of its latest five-year review of Pool Re, designed to ensure the good functioning of the UK’s terrorism re/insurance market. In light of the review, Pool Re subsequently released a forward-looking strategy paper.
More recently, the company secured the placement of its three year, £2.475 billion retrocession programme involving 56 global reinsurers.
