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Pool Re Solutions adds new head of risk management

  • Publish Date: Posted over 4 years ago
  • Author:by Alan Jarque

Britain’s government backed terrorism insurer, Pool Re appointed Chris Medhurst-Cocksworth to the position of head of risk management withing Pool Re Solutions, effective immediately.

Medhurst-Cocksworth will be responsible for leading the risk management services offered by Pool Re Solutions, a specialist unit which launched in November 2019 designed to help UK insurers build terrorism risk resilience.

He will have a focus on developing terrorism-related risk management tools and expert services, and will report to Steve Coates, chief underwriting officer of Pool Re.

He Joins Pool Re with over 20 years 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. Before this, he served with the British Armed Forces in several 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.”

Adding: “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 shared: “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.”