Pool Re names industry veteran nonexecutive chairman

Pool Reinsurance Co. Ltd., the U.K. government-guaranteed terrorism backstop, has appointed Geoff Riddell as nonexecutive chairman, it announced Wednesday.

Mr. Riddell will succeed Tony Latham, who is retiring.

Mr. Riddell last year was appointed a director of Pool Re.

He previously was CEO and chairman of the Zurich Global Corporate arm of Zurich Insurance Group Ltd.

Mr. Latham joined Pool re as a director in 1996 and served as chairman for 12 years.

“Tony Latham has had a profound influence on Pool Re since joining in 1996. It is a tribute to him that he leaves the company in such good health, having helped to develop Pool Re to become a leading example of a public/private partnership,” Mr. Riddell said in a statement.

“My job is to ensure that Pool Re continues to represent the leading example for terrorism reinsurance, able to broaden and adapt its proposition in the face of a rapidly shifting risk landscape,” he added.