Pool Re appoints Andrew Stark as Head of Underwriting

Pool Re, the UK’s government-backed terrorism reinsurer, has announced the appointment of Andrew Stark to the newly created role of Head of Underwriting.

In his new role, Stark will report to Jonathan Gray, Chief Underwriting Officer at Pool Re.

Stark’s appointment comes ahead of Pool Re’s planned transition in April 2025 from its current facultative obligatory treaty to an annual aggregate excess of loss (XOL) treaty scheme.

Gray expressed enthusiasm for Stark’s appointment, stating, “We are pleased to welcome Andrew as the new head of underwriting. His extensive expertise in global treaty underwriting will be invaluable in supporting the transformation efforts as we navigate the changes to our reinsurance scheme, and continue to support the resilience of the UK economy.”

Stark brings over 20 years of industry experience to the role. Most recently, he has been conducting an expert peer review for the international property catastrophe XL book at Chaucer.

Previously, he served as Head of Property at Chord Re and Head of North America Property Treaty at Vibe, and has held Property Treaty Underwriter roles at Barbican and Alterra.

Commenting on his new role, Stark said, “Pool Re plays a vital role in supporting the insurance market to help build national resilience against terrorism and I am delighted to join at such an exciting time. Supported by extremely talented underwriters, I look forward to working with Jonathan to ensure the success of the scheme and the positive impact the changes will have on members, customers and the terrorism insurance market.”

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