Andy Bord, CEO of Flood Re, will likely be stepping down at its annual basic assembly this July after seven years within the position.
The board has named Stuart Logue, present chief monetary officer, as interim CEO, efficient from Thursday, 18 July, because it appears for a everlasting successor.
Beneath Bord’s management, government-backed Flood Re has enabled greater than 550,000 households to entry reasonably priced house insurance coverage. It launched the Construct Again Higher initiative in April 2022 to assist make houses extra resilient towards flooding.
A 12 months later, the reinsurer launched a focused coaching useful resource for the insurance coverage market to drive a
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