Andy Bord, previously CEO at Capita Insurance Services, has been named as interim CEO of Flood Re.
Bord will join Flood Re on 23 January and will take over from current CEO Brendan McCafferty on 10 February.
Flood Re is a reinsurance programme designed to help provide better access to affordable flood insurance cover. It went live on 4 April last year.
Mark Hoban, chairman of Flood Re, said: “Andy Bord has a strong knowledge of the insurance sector and he has worked as both a permanent and an interim CEO. His strong consumer background and experience of working in complex regulated environments will be particularly helpful as we continue our efforts to ensure that as many people as possible benefit from the Scheme.”
A permanent replacement for the CEO position is yet to be confirmed.
