Pool Re today welcomed the Government’s commitment to amend the 1993 Reinsurance (Acts of Terrorism) Act to enable it to extend its cover to include non-damage business interruption losses resulting from acts of terrorism. The reinsurer is currently restricted by the 1993 Act only to pay out if physical damage has occurred to commercial property. […]

Pool Re today announced that it has renewed its retro programme and extended the cover to include material damage and direct business interruption (BI) caused by acts of terrorism using remote digital interference. The renewed cover, brokered by Guy Carpenter, has been increased by £100m to £2.1bn and has been placed with an expanded panel […]

Pool Re is pleased to sponsor the annual Airey Neave Book Prize for the second year running, following the success of the inaugural award last year which was presented to Ali Soufan for his superb Anatomy of Terror. Once again, we are partnering with the Airey Neave Trust to reward and promote the work of […]

Pool Re, the UK’s terrorism reinsurance pool, today announced the publication of the Terrorism Frequency Report, a quarterly view of the contemporary threat, produced by the Scheme’s Terrorism Research and Analysis Centre (TRAC). This resource will provide Pool Re Members and stakeholders with a record of recent terrorist attacks, detailing their severity and frequency, as […]

Throughout 2017 we have continued to work to ensure that our scheme remains at the forefront of global terrorism pools by ensuring that it reflects both today’s terrorism threat environment and the needs of the insurance market within which cover is written. To this end, we are in the process of significantly changing the scope […]