Perry Thomas has been appointed as Flood Re’s new chief executive officer, succeeding Stuart Logue, who has been leading the organisation on an interim basis since August 2024.

Most recently non-executive director and chair of the Risk and Capital Committee, Thomas' background includes roles as CEO, CRO and group chief actuary at a number of financial institutions, including Lloyds Bank, HSBC and the Reinsurance Group of America.

In his new role, Thomas' immediate priorities include strengthening relationships with stakeholders to ensure collaborative efforts in addressing flood risk, implementing strategic initiatives to improve the resilience and sustainability of flood insurance, and leading the organisation through its next phase of development, focusing on stability and effective response to recent flooding events and the impacts of climate change.

Perry Thomas, CEO of Flood Re, said: “Having been part of the organisation for the past few years, I have seen firsthand the positive impact that Flood Re can make. I am committed to working with the Flood Re team, insurers and government bodies to continue improving flood insurance accessibility and affordability, especially in light of recent flooding events and the potential impacts of climate change that underscore the importance of Flood Re’s mission.”

Stuart Logue, outgoing interim CEO of Flood Re, commented: “I have been honoured to have led Flood Re as Interim CEO since last August and I am hugely proud of what the organisation has achieved in that time and in the previous four years as CFO. In particular I am pleased to have seen the development of members of the team, landing the business parameters and reinsurance programme, as well as the launch of Flo, the Scottish Flood bus for the coming years.

“As we’ve seen from the nine named storms in 2024 Flood Re and the work it does in ensuring household flood insurance is available and affordable for those most in need, has never been more important. I am proud that we are now seeing households benefit from Build Back Better by staying dry and safe in their homes, breaking the repeating cycle of trauma those at high risk of flooding previously faced.”

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