Welcome to our fourth Pool Re Terrorism Frequency Report and the first report in 2019 In this edition we look in some detail at the issues and challenges posed by terrorist attacks causing Non-Damage Business Interruption (NDBI). The recently passed Counter-Terrorism and Border Security Bill 2018 will allow Pool Re to cover losses incurred if […]

Pool Re, Britain’s leading terrorism reinsurer, has invested in a joint project with the UK National Counter-Terrorism Police HQ and the Home Office’s Joint Security & Resilience Centre, helping businesses to more proactively protect against the risk of terrorism. In a ground-breaking collaboration between the insurance industry, the UK’s counter-terrorism infrastructure and the government, Pool Re’s […]

Pool Re, Britain’s state-backed terrorism reinsurer, has today completed placement of its £2.3 billion retrocession programme with more than 50 international reinsurers, led by Munich Re. The programme, provided on a three-year basis, is one of the largest reinsurance deals in the world, and the largest terrorism risk placement ever. The retrocession is structured as […]

Pool Re, Britain’s state-backed terrorism reinsurer, has broken new ground with its placement of a GBP £75 million catastrophe bond. Issued through a special-purpose vehicle, Baltic PCC Ltd., the bond is the first-ever insurance-linked securities (ILS) contract to cover terrorism risk exclusively, and only the second to be issued under the UK’s new regulatory system […]

Pool Re today welcomed Royal Assent being given to the Counter-Terrorism and Border Security Bill 2018 which will allow Pool Re to cover losses incurred if a business cannot trade or is prevented from accessing its premises in the wake of a terrorist attack. Before the law was changed, Pool Re could only reinsure losses […]