Press Release: Pool Re strengthens its leadership team with appointment of Richard Roberts as Chief Finance and Investment Officer

Press Release: Pool Re strengthens its leadership team with appointment of Richard Roberts as Chief Finance and Investment Officer

16 April 2025 | News

16 April 2025, London – Pool Re, Great Britain’s government-backed terrorism reinsurer, is pleased to announce the appointment of Richard Roberts to the newly created role of Chief Finance and Investment Officer, subject to regulatory approval. Richard reports directly to Pool Re’s Chief Executive Officer, Tom Clementi, and joined at the beginning of April. The appointment is part of a succession plan, with outgoing Chief Investment Officer, Ian Coulman, and Chief Finance and Operations Officer, Peter Aves, both retiring during 2025. Prior to joining Pool...
Press Release: Pool Re Successfully Completes Third ILS Catastrophe Bond Placement

Press Release: Pool Re Successfully Completes Third ILS Catastrophe Bond Placement

08 April 2025 | News

8 April 2025, London – Pool Re, Great Britain’s leading terrorism reinsurer, is pleased to announce the successful placement of its third catastrophe bond (“Cat Bond”). The new issuance strengthens Pool Re’s commitment to its mission of protecting UK taxpayers from the financial consequences of terror events, by enabling broader risk-sharing within the private sector. Issued through UK-domiciled special purpose vehicle Baltic PCC Limited, the transaction provides Pool Re with £100 million of collateralised retrocession protection and replaces the maturing...
Pool Re welcomes Royal Assent of Martyn’s Law

Pool Re welcomes Royal Assent of Martyn’s Law

03 April 2025 | Martyn's Law, News

Pool Re, Great Britain’s government-backed terrorism reinsurer, welcomes the Royal Assent given to the Terrorism (Protection of Premises) Act, on the 3rd April 2025, meaning that the legislation is now officially an Act of Parliament under law. In the face of an ever evolving and less predictable threat landscape, noting that since 2017 the Security Services and Police have interdicted 43 late-stage foiled, the Terrorism (Protection of Premises) Act will improve public safety, through increased preparedness and protection of in-scope public venues and events....

Press Release: Pool Re’s modernised reinsurance scheme to drive market innovation and strengthen terrorism resilience

01 April 2025 | News

1 April 2025, London –  Pool Re, Great Britain’s government-backed terrorism reinsurer, is pleased to announce the successful completion of its transition to a modernised catastrophe treaty reinsurance scheme (‘the new scheme’). With the support of its Members, regulators, and HM Treasury, the new scheme – originally announced in March 2024 – will enable Pool Re to serve its Members better by addressing the evolving and increasingly complex terrorism threat landscape. The changes will provide Members with greater freedom to underwrite...

Press Release: Pool Re launches market consultation in attempt to enhance terrorism coverage for SMEs

10 March 2025 | News

Pool Re, Britain’s government-backed terrorism reinsurer, has recently launched a market consultation to explore the reintegration of terrorism cover as a standard feature within commercial property insurance for SMEs. Running until the end of April 2025, the consultation will collect feedback from Pool Re’s members, (re)insurance intermediaries, policyholders, industry bodies and the wider insurance market, and is designed to seek views on how best to address the protection gap and potentially significant impact on economic resilience caused by the low uptake...

Press Release: Pool Re completes expanded retrocession placement

03 March 2025 | News

Pool Re, Britain’s government-backed terrorism reinsurer, has completed placement of a new retrocession programme with more than 60 international reinsurers. The placement provides £2.75bn of aggregate excess of loss cover, increased from £2.4bn, with Hannover Re and The Fidelis Partnership among those providing pricing guidance. The placement was brokered by Guy Carpenter. The expanded programme shifts more financial risk arising from acts of terrorism away from the UK taxpayer and back to the private market, whilst keeping terrorism insurance accessible and...