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Flood Re appoints Andy Bord as Chief Executive

Andy Bord, currently interim CEO at Flood Re, has been appointed to the position permanently, subject to regulatory approval, following a comprehensive search undertaken by Odgers Berndtson.

Mr. Bord is an experienced business leader with strong insurance and consumer expertise. Formerly CEO at Capita Insurance Services he has also worked for Staysure, BGL Group (owners of CompareTheMarket) and Vodafone UK.

Flood Re, a world first, was set up to help people living in areas at risk of flooding to access affordable flood insurance. In its first year the number of households, who had made prior flood claims and who could get quotes from two or more insurers, went up tenfold from 9% to 95%. In addition, four out of five of these homes saw a reduction in the costs of available quotes of more than 50%.

Mark Hoban, Chairman of Flood Re, said:

“I am delighted that Andy will lead Flood Re into its second year and beyond.

“Andy has the decisive combination of experience operating at  Chief Executive level coupled with a good knowledge of the insurance sector. His work in complex regulated environments along with his strong consumer insight is particularly relevant as we continue to ensure that as many people as possible benefit from the Scheme.

Andy is not only passionate about Flood Re’s mission, but also has the necessary leadership skills required to build on Flood Re’s foundations and take the organisation from strength to strength.”

Andy Bord, interim Chief Executive at Flood Re, commented:

It is a privilege to be staying with a great team that has already made a real difference to the lives of tens of thousands of people across the UK.  I am excited to be taking the Scheme forward, working with policymakers across the UK, the insurance industry and local communities so we continue to ensure access to more affordable flood insurance.”