PoloWorks announces new chief risk officer

Lloyd’s and London market insurance services business PoloWorks has appointed Raphael Borrel as its new chief risk officer.

In his new role, Borrel will be responsible for leading the firm’s risk and compliance functions.

He will also have oversight of PoloWorks’ business advisory and outsourced services.

His appointment comes as PoloWorks continues to expand after being acquired by European property and casualty (P&C) legacy solutions and insurance services group Marco Capital Holdings in May 2022.

“PoloWorks’ consistent growth and focus on digitisation are what excites me about joining,” Borrel said.

“PoloWorks stands out in the market with its dynamic and ambitious approach to the optimisation of services for its customers.

“I’m looking forward to working closely with the team to support customer needs and the delivery of our strategy.”

Experience

Borrel will bring more than 25 years of risk management and compliance experience to the role.

Prior to PoloWorks, he was the director of risk management for CNA Hardy.

And before this, he was chief risk officer of XL Catlin Services and also head of information risk at Axa XL.

In his new role, he will report to Paul Andrews, chief executive of PoloWorks.

“Raphael’s deep risk expertise will be an asset to the team at PoloWorks,” Andrews said.

“His strong background in the market and knowledge of the risk and compliance sectors means he is well suited to help develop PoloWorks’ offerings and regulatory requirements.

”I’m looking forward to working with Raphael on reaching our strategic goals and another year of growth and exciting developments for PoloWorks.”