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Flood Re has appointed Michael Bartholomeusz as its Chief Risk Officer. In his new role, Michael is responsible for overseeing, coordinating and facilitating the scheme’s risk management framework, as well as leading the governance of risk management practices across the organisation. The appointment is subject to regulatory approval as part of Flood Re’s authorisation. |
Michael is a member of Flood Re’s Executive Committee, and reports to Brendan McCafferty, CEO of Flood Re. He will play a key part in establishing the scheme, which will provide access to affordable flood insurance for homes at risk of flooding. Michael joins Flood Re as an experienced Chief Risk Officer, with a career spanning over 30 years in insurance, lending and risk consulting at organisations which have included AIG, Prudential, KPMG and Abbey National. Michael said: “It is a privilege to join the Flood Re team at this time ahead of the organisation’s planned launch in 2016. The challenge to be part of establishing this world first scheme to help hundreds of thousands of people who live in flood risk areas is hugely motivating.”
Brendan McCafferty, CEO of Flood Re, commented: “We are delighted to welcome Michael as the Chief Risk Officer of Flood Re. The wealth of experience he will bring to the team, through overseeing and coordinating Flood Re’s risk framework, will be invaluable.” |
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