This edition of International People Moves details appointments at Peak Re, Gallagher Re and the Cambridge Centre for Risk Studies.
A summary of these new hires follows here.
Peak Re Appoints Echo Re’s Nowakowski as Head of Product Underwriting for P/C
Peak Reinsurance Co. Ltd., a Hong Kong-based global reinsurer, announced the appointment of Piotr Nowakowski as director, head of Product Underwriting for the company’s property/casualty (P/C) business.
In his new role, which becomes effective in February 2022, Nowakowski will have direct responsibility for the underwriting function, including underwriting governance and controls, portfolio management, and product development for the company’s global P/C business. Nowakowski will be based in Hong Kong, and report to Franz Josef Hahn, chief executive officer of Peak Re.
Nowakowski was most recently chief underwriting officer, Worldwide, for Echo Re. Prior to joining Echo Re, he worked for SCOR for more than 16 years in local, regional and global positions, including nine years as general manager of SCOR’s Japan office in Tokyo, and head of Strategy & Development, general secretary of SCOR’s Global P/C business in Paris. Nowakowski holds two diplomas from Ecole National d’Administration, Paris, and a masters degree from Maria Curie-Skłodowska University, Lublin, Poland.
“Piotr will bring more than two decades of global reinsurance experience to his new role,” said Hahn, “His technical expertise, international experience and underwriting capabilities will benefit Peak Re’s client-focused strategy. He will work closely with the co-heads of P/C, to further develop our P/C business which is built on our expertise and unwavering focus on underwriting, risk analytics and market knowledge. I look forward to working with Piotr as the company continues its growth journey.”
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Gallagher Re Hires EMEA Director to Support Growth of Public-Private Initiatives
Gallagher Re, the global reinsurance broker, has appointed Alex Ntelekos as a regional director in Europe, the Middle East and Africa (EMEA), effective immediately.
Ntelekos will be responsible for supporting the growth of Gallagher Re’s public-private initiatives across the EMEA region and will provide his regulatory, capital management and climate change insight and expertise to the region and beyond.
Based in London, he will report to Alkis Tsimaratos, managing director, head of EMEA West & South and will also work with Dirk Spenner, managing director, across his EMEA North & East region.
Ntelekos has more than 11 years of regulatory experience, having previously worked as a senior manager, insurance supervision, at the UK’s Prudential Regulation Authority (PRA), part of the Bank of England. Prior to joining the BofE, he worked as a senior catastrophe risk analyst at Willis Re (which is now Gallagher Re-.
James Vickers, chairman International, Reinsurance, at Gallagher Re, said: “Alex’s modeling background and broad regulatory experience with the PRA will further strengthen Gallagher Re’s offering in our active public-private segment. Climate change, public-private pools, cyber insurance and regulation, and run off strategies are all growing themes which increasingly require in-depth knowledge of regulatory requirements.”
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Pool Re’s Enoizi Named Executive-in-Residence at Cambridge Centre for Risk Studies
The Cambridge Centre for Risk Studies (CCRS) at the University of Cambridge Judge Business School has appointed Pool Re CEO Julian Enoizi as executive-in-residence. He will take up this advisory role as of Feb. 1, 2022.
The role of executive-in-residence was created by CCRS to enable it to bring in senior executives from companies in a variety of industries to contribute their practical experience to the centre’s strategy of bridging theory to practice. Executives help enable selected research tracks with their unique business perspectives and outreach capabilities.
A lawyer who practiced in London, Milan and Brussels, Julian joined Chubb Insurance in 1995 and AIG in 2000 before moving to CNA in 2002 as President Continental Europe in Paris. He was made CEO of CNA in 2005. In 2009 he became CEO of Argo International, he was CEO of the private equity start-up, ProSight at Lloyd’s, and joined Pool Re in 2013.
Enoizi will be stepping down as CEO of Pool Re in the spring of 2022.
“We are delighted that Julian has accepted this role. His perspective as CEO of a unique organisation such as Pool Re and his in-depth knowledge of how the global insurance industry is approaching systemic risk will mean that he can provide valuable insights and advice to guide our research,” commented Dr. Michelle Tuveson, executive director and chairman of the advisory board at CCRS.
“CCRS carries out sterling work providing frameworks for recognising, assessing and managing the impacts of systemic threats – work which has never been more vital. I am looking forward to engaging with them in considering how catastrophes and their impacts ripple across an increasingly connected world, and offering advice backed by 25 years in the commercial insurance world,” said Enoizi.
Dr. Trevor Maynard, director of systemic risk research at CCRS, also commented: “Julian will amplify our research on the benefits of managing systemic risk, and crucially, our ability to reach decision makers who connect information to investment.”
CCRS also recently launched a new research consortium on protecting society from future systemic risks. Funding will be provided by an international consortium of companies including Pool Re. The research will support the creation and extension of private-public market institutions and develop new risk transfer products and advisory services.
About the Cambridge Centre for Risk Studies at the University of Cambridge Judge Business School
The Cambridge Centre for Risk Studies is based within the University of Cambridge Judge Business School. The centre works closely with business partners in tackling complex issues of management science in risk. This policy of deep engagement has enabled the Centre to develop relevant solutions for businesses.
About Pool Re
Pool Re is the insurance industry’s mutual for insuring terrorism risk in Great Britain. It was established in 1993 by the UK Government. Pool Re exists to correct market failure, protect the UK economy, and safeguard society and livelihoods from acts of terrorism. It offers a financial safety net for around £2.2 trillion of assets and businesses of all sizes, from shopping centres and local traders to airports and power grids, across sectors of the economy such as real estate, retail, transport, construction and energy.
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