Pool Re, Britain’s leading terrorism reinsurer, today announces the appointment of Andrew Stark to the newly created role of head of underwriting, effective immediately.
Stark has joined Pool Re ahead of the April 2025 change from its current facultative obligatory treaty to an annual aggregate XOL treaty scheme. He will report to chief underwriting officer, Jonathan Gray.
Stark has most recently been conducting an expert peer review for the international property cat XL book at Chaucer. He has more than 20 years’ experience as a Lloyd’s underwriter and was previously head of property at Chord Re, with other roles at Lloyd’s syndicates including Barbican, Vibe and Markel.
Pool Re chief underwriting officer, Jonathan Gray, said: “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 added: “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.”