Flood Re has announced two senior appointments to bolster its leadership team as it continues to deliver on its mission of ensuring affordable flood insurance for those most at risk, while preparing the UK insurance market for a transition to risk-reflective pricing by 2039. Here are the details;
Michael Murphy has joined the Board as an Independent Non-Executive Director.
Sue Mulry-Lawson has been appointed Interim Chief Risk Officer, following the recent promotion of Dan Byrne to Chief Commercial Officer.
The appointments support Flood Re’s strategy, as the organisation navigates the increasing challenges posed by climate change and works to ensure long-term resilience in the UK flood insurance market.
Michael Murphy brings over 30 years of international experience across general insurance, life & pensions, health insurance, reinsurance, wealth & asset management, consultancy, and technology. He has held executive and non-executive director roles in Canada Life, Aviva, Willis Towers Watson and Bank of Ireland and has operated as CEO, managing director, CFO and chief actuary at global, EMEA and/or Irish level across these organisations. He currently serves as an independent non-executive director for a number of regulated life insurance, wealth & retirement businesses in the UK, as well as coaching and mentoring the CEOs/founders of a number of international insurtechs.
Sue Mulry-Lawson has more than 25 years’ experience in risk and compliance across professional and financial services. Her previous roles include Group Chief Risk Officer at Standard P&I Club, Head of Compliance and Risk at Charles Taylor, and Head of UK Compliance at CPP Group. She is also a qualified solicitor and founder of Ordo Consulting, a risk and compliance advisory firm serving the insurance sector.
Bridget Rosewell, Chair of Flood Re, commented:
“These two key appointments demonstrate yet again the quality of people attracted to join us as we set our sights on successfully navigating through the many challenges and opportunities ahead. As the impacts of climate change increase, we remain steadfastly committed to ensuring that flood insurance remains available and affordable for those most at risk and ensuring the Scheme’s sustainability through to its planned conclusion in 2039.”
Michael Murphy, Independent Non-Executive Director, Flood Re, said:
“Flood Re has a crucial role to play in supporting households and communities, helping to make affordable home insurance available to homeowners whose homes are at risk of flooding and working with the insurance market and the UK as a whole to prepare for the transition to risk-based pricing for flood insurance. I look forward to supporting its mission and helping to drive positive change—through promoting property-level flood resilience, influencing planning policy and engaging with the insurance and reinsurance markets.”
Sue Mulry-Lawson, Interim CRO, Flood Re, added:
“I’m delighted to be taking on the challenge of interim CRO at this crucial time for Flood Re. The organisation’s unique mission continues to play a vital role in helping the UK adapt to the increasing risk of flooding, and I look forward to contributing to its success in a changing regulatory and economic landscape.”
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