UK government-backed terrorism reinsurer Pool Re has announced that its current Chief Executive Officer Julian Enoizi will step down from his position in the spring of 2022.
Enoizi has spent the past eight years leading the company and has spearheaded global collaboration through the foundation of the International Forum of Terrorism Risk Re/Insurance Pools (IFTRIP).
Pool Re has begun a process to identify Enoizi’s successor.
Throughout his time as CEO, Enoizi has more than doubled the buffer between the UK taxpayer and terrorism loss from £5 billion in 2013 to £12 billion.
He has also achieved both through the growth of the fund and the implementation of the world’s largest terrorism reinsurance programme combined with an innovative ILS issuance.
In addition, the company has invested in ground-breaking risk mitigation initiatives in partnership with government and the counter-terrorism police.
Angela Knight, chair designate of the Pool Re board, said: “We would like to thank Julian for his transformational contribution to Pool Re over the past eight years.
“He has overseen the development of a passive mechanism of risk transfer into a dynamic organisation that offers market leading research, analysis, thought leadership, risk management guidance and which as a result, is firmly established as a critical component of both the financial and governmental infrastructure.
“Julian has also been tireless in working to achieve a signed framework agreement governing Pool Re’s seamless transition to an Arm’s-Length Body of government. We wish him every success in his future endeavours.”
Julian Enoizi said: “It has been a privilege to lead Pool Re. I have enjoyed working with an extremely talented team and drawing on our various combined experiences to create a world leading national resilience entity in the terrorism sphere.
“I am pleased and proud to have been able to support a significant return of terrorism risk to the commercial insurance markets through increased retentions as well as through the reinsurance programme.
“Pool Re is now a business well equipped to meet the challenges of the evolving terrorism threat as well as providing a template for responding to the emergence of other systemic risks.”
