UK government-backed terrorism reinsurer, Pool Re, has announced the appointment of Chris Medhurst-Cocksworth as Head of Risk Management within Pool Re Solutions.
In his new role, Medhurst-Cocksworth will be tasked with leading the risk management services offered by Pool Re Solutions, a recently established specialist unit designed to help UK insurers build terrorism risk resilience.
His appointment is effective immediately, and he will have a focus on developing terrorism-related risk management tools and expert services, and will report to Steve Coates, Chief Underwriting Officer (CUO) of Pool Re.
Medhurst-Cocksworth brings more than two decades of experience managing, coordinating, and delivering risk management solutions both at corporate and national level. Most recently, he served as Risk Partner and Head of Business Development for Marsh Risk Consulting. Prior to this, he served with the British Armed Forces in a number of different roles, including the development and coordination of planning for complex and challenging strategic crises.
Coates commented: “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’ experience will be a valuable asset in this regard as we facilitate the mitigation of terrorism risk, and its integration within policyholder risk frameworks.
“Chris has an excellent track record of assessing clients’ risk profiles and leading public-private partnership crisis management projects. We look forward to working with him and creating effective solutions for our members and their clients.”
Medhurst-Cocksworth added: “Pool Re has a well-deserved reputation for innovation in the terrorism risk space. 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. The unit is committed to supporting HM Government’s CONTEST strategy by building resilience and scaling the UK’s ability to tackle terrorism.”