Home Office launches public consultation on Martyn’s Law Standard Tier

Home Office launches public consultation on Martyn’s Law Standard Tier

The Home Office has announced the beginning of a public consultation on the scope and application of the Terrorism (Protection of Premises) Bill, known as Martyn’s Law, for Standard Tier properties. The Standard Tier is expected to apply to publicly accessible properties undertaking qualifying activities such as providing retail or leisure, with a capacity of 100-799. Following concerns raised by the Home Affairs Select Committee that the draft legislation may place an undue burden on smaller businesses and voluntary organisations, the proposals for Standard...

Pool Re renews Guy Carpenter reinsurance broking contract

London – Pool Re, Britain’s leading terrorism reinsurer, is pleased to announce that, following the completion of a competitive tender process, it has awarded Guy Carpenter a renewed reinsurance broking contract for three years, with an option to run to five.   Guy Carpenter will support Pool Re in returning risk and premium to the private sector thereby distancing UK taxpayers from the risks that Pool Re mutualises on their behalf. This comes as Pool Re seeks to modernise its treaty arrangements, which represents the most fundamental structural shift it...
Martyn’s Law Gov Update Dec 2022

Martyn’s Law Gov Update Dec 2022

Pool Re welcomes Protect Duty announcement NEWS RELEASE – 19 December 2022 Pool Re, Britain’s leading terrorism reinsurer, today welcomes the UK government’s announcement of its upcoming Protect Duty legislation, also known as Martyn’s Law. In a statement yesterday the Home Secretary, Suella Braverman, set out how the law will seek to improve the safety and security of citizens so they can enjoy public premises without fear of terrorism by improving protective security and organisational preparedness at a wide range of locations across the UK. The two...
Member Consultation

Member Consultation

Reinsurance Scheme Modernisation Consultation 17 August to 31 October 2022 Earlier this year our Members voted unanimously to approve a number of important resolutions concerning the future of our scheme. A Scope of Works (spanning four years) which comprises various elements agreed with HMT has now commenced. A central pillar to the Scope of Works includes developing a set of proposals that would amend the Pool Re scheme mechanism to a catastrophe treaty arrangement. This Member consultation signals the start of the process, examining the move to a more...
2022 Neave Book Prize

2022 Neave Book Prize

The book prize commemorates Airey Neave MP who was killed by a car bomb at the House of Commons car park in 1979, planted by the Irish National Liberation Army Irish republican terrorists. The Airey Neave Trust was established, in his memory, to further research and understanding in relation to Freedom under the Law, and especially about issues regarding the analysis of and the best response to terrorist violence. This year’s prize covers a two year period, from 2020-22, and the purpose of the prize is: “The Neave Prize is awarded annually to the work of...

Pool Re reduces overall reinsurance pricing

Today we announced the most significant reduction in our reinsurance pricing for 20 years. The reduction will come into effect from October 2022. The extent of the reduction will vary according to geographical location. Overall, reinsurance pricing will reduce by approximately 20% outside Zone A (central London) and could reduce by more than 30% in many non-urban areas. These decreases are likely to prompt a commensurate reduction in insurance prices, although Pool Re member insurers will remain responsible for setting pricing for their own policyholders. The...