Brendan McCafferty has been appointed CEO of Flood Re, after a selection process run by the Flood Re directors and senior representatives from the insurance industry.
Currently commercial director at Paymentshield, McCafferty will begin his new role in Q4 2014.
His appointment will be subject to regulatory approval as part of Flood Re’s authorization.
McCafferty has over 28 years’ industry experience across insurance, broking and consulting. He has worked for Aviva and RSA, and was formerly UK president of global insurance broker, Willis. He has strong reinsurance experience and has previously established new insurance operations and businesses, as well as leading large and complex transformational change programs.
He will continue the work begun by interim CEO, Tom Woolgrove, in preparing for the regulatory authorization of Flood Re, building its systems and processes, and working with Government to establish the required legislative frameworks. He will also lead Flood Re through its crucial implementation phase and launch.
Source: ABI
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