UK government terrorism backstop Pool Re has appointed Geoff Riddell as non-executive chairman.
Riddell succeeds Tony Latham, who plans to retire from the position after more than 12 years of service as chairman and 20 years on the board. Latham will retire after this year’s annual general meeting on 28 June.
Riddell brings more than 30 years of experience in international insurance markets to his new role. He was previously appointed to the board of Pool Re as director in August 2015.
Latham said: “After 12 years as chairman, I am very pleased to leave Pool Re in a position of strength, where the proposition has adapted to meet an evolved terrorist threat and where the business is extremely well placed to ensure the resilience of the UK economy and the commercial concerns operating there.”
Riddell added: “My job is to ensure that Pool Re continues to represent the leading example for terrorism reinsurance, able to broaden and adapt its proposition in the face of a rapidly shifting risk landscape.”
