Pool Re Solutions appoints head of risk management

UK terrorism insurer Pool Re has appointed Chris Medhurst-Cocksworth as head of risk management within Pool Re Solutions. Medhurst-Cocksworth will lead the risk management services offered by the recently created division, focusing on developing terrorism-related risk management tools and expert services. He will report to Steve Coates, CUO of Pool Re. This appointment is effective immediately.

Medhurst-Cocksworth has over 20 years’ experience managing, coordinating and delivering risk management solutions both at corporate and national level. Most recently, he spent three years as risk partner and head of business development for Marsh Risk Consulting, engaging with clients to support them in improving their resilience and coordinating the development of appropriate and innovative risk management solutions. Prior to that, Medhurst-Cocksworth served with the British Armed Forces in a variety of roles including the development and coordination of planning for complex and challenging strategic crises, counter-terrorism operations and CBRN, and operated in hostile environments across the globe.

Steve Coates, chief underwriting officer, said: “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.

“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 said: “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.”