Pool Re’s Enoizi to step down

Pool Re CEO Julian Enoizi is to leave the business in the spring of 2022 following 8 years at the mutual.

The terrorism reinsurer has undergone significant change under Enoizi’s leadership, most notably doubling the buffer between the UK taxpayer and terrorism loss from £5bn in 2013 to £12bn today. Cover has also been extended during this time to include cyber and NDBI. Over the course of his tenure, Enoizi has also spearheaded global collaboration through the foundation of the International Forum of Terrorism Risk Re/Insurance Pools, or IFTRIP.

Angela Knight, chair designate of the Pool Re board, said: “We would like to thank Julian for his transformational contribution to Pool Re over the past eight years. He has overseen the development of a passive mechanism of risk transfer into a dynamic organisation that offers market leading research, analysis, thought leadership, risk management guidance and which as a result, is firmly established as a critical component of both the financial and governmental infrastructure. Julian has also been tireless in working to achieve a signed framework agreement governing Pool Re’s seamless transition to an arm’s-length body of government. We wish him every success in his future endeavours.”

Julian Enoizi added: “It has been a privilege to lead Pool Re. I have enjoyed working with an extremely talented team and drawing on our various combined experiences to create a world leading national resilience entity in the terrorism sphere. I am pleased and proud to have been able to support a significant return of terrorism risk to the commercial insurance markets through increased retentions as well as through the reinsurance programme. Pool Re is now a business well equipped to meet the challenges of the evolving terrorism threat as well as providing a template for responding to the emergence of other systemic risks.”

The process to identify Enoizi’s successor has begun.

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