Flood Re, the UK government backed reinsurance scheme, has made several appointments to its senior executive team.  

The move is part of the company’s transition towards risk-reflective pricing by the time of its planned exit in 2039, the reinsurer stated in a press release.  

The company has appointed Latinka Pilipovic as CFO and Board member, with Dan Byrne taking on the role of chief commercial officer (CCO), and Max Bero being named chief operating officer (COO).  

These appointments follow the induction of Perry Thomas as CEO in March 2025. 

Pilipovic, a seasoned chartered accountant, has accumulated more than 25 years of experience in the financial services sector within the UK.  

Prior to joining Flood Re, she served as CFO for Guardian Financial Services and has held several positions at Foresters Financial UK, Legal & General, and Aviva.  

She will take over from interim CFO Dave Dunning, who is set to leave the role after a period of transition. 

Byrne has been serving as chief risk officer since 2017. Byrne, who joined the company in 2016, previously had a stint in Enterprise Risk Management at AIG.  

He will maintain his responsibilities as CRO until an interim successor is appointed. 

Bero, currently Flood Re’s director of operations and a chartered internal auditor, has been with the organisation since its establishment in 2016, bringing experience from previous roles at QBE Insurance (Europe), RSA, and Deloitte.  

Thomas said: “I am delighted to have been able to promote such a high calibre of talent from within Flood Re to key positions, and to have been able to attract a CFO of such experience and knowledge as Latinka. 

“These appointments reflect our desire to have a strong and knowledgeable executive team in place as we look to address the many challenges and opportunities presented by the impacts of Climate Change ahead of our exit from the market in 2039.”