POOL REINSURANCE

Our comprehensive cover

Uniquely, our best-in-class cover offers comprehensive protection against CBRN attacks without restriction or sub-limit, as well as acts of terrorism triggered by remote digital means. Our Members benefit from being able to offer terrorism cover backed by an unlimited HMT guarantee.

THE contemporary THREAT

From an attack perspective, the contemporary terrorist threat is more diffuse and complicated than ever before. The threat of ‘spectacular’ 9/11-style attacks remains a tangible risk, however, modern Islamist and right-wing extremists are increasingly opting for soft, civilian targets in crowded places rather than tradictional targets such as critical infrastruture, financial institutions, and buildings associated with government, judiciary, military and the public sector.

This shift extends the industry focus from pure property damage to business interruption, liability and motor.

the evolution of our cover

The protection that we provide to our Member Insurers allows them to offer cover that reflects the changing nature, priorities and methodologies of terrorism.

In the last 3 decades, our cover has evolved from only including damage caused by fire and explosion to today where we cover ‘All Risks’ with only two explicit exclusions – War and Electronic risks.

Post-9/11, we incorporated Chemical, Biological, Radiological and Nuclear threats into our cover and in 2019, we incorporated business interruption losses not contingent on damage to property (NDBI).

We are proud to have not only kept pace with the threat, but in some cases pre-empted it, such as providing cover in 2018 for damage triggered by remote digital means.

the key perils we cover

Chemical, Biological, Radiological and Nuclear

In 2002, we expanded our cover to include Chemical, Biological, Radiological and Nuclear (CBRN) attacks without restriction or sub-limit. We are proud to remain the only provider to offer this and urge any business to consider the importance of CBRN cover.

Remote Digital Interference

After significant research by the Cambridge Centre for Risk in collaboration with HM Treasury, it was agreed that there was a possibility of terrorists causing damage by remote digital means which would be exluded under our scheme. As a result, from April 2018 our cover was updated to include damage caused by remote digital interference.

Non-Damage Business Interruption

In 2019, Members were given the option to reinsure non damage business interruption in light of the gap in cover that became evident in the aftermath of the London Bridge attack in 2017. This required an Act of Parliament which came in the form of the Counter Terrorism and Security Bill in 2019.

Fire and Explosion

Fire and explosion were the first perils to be covered by Pool Re. They was designed to address a particular risk at a particular time, namely the threat of the IRA’s large vehicle bombs and their financially devastating consequences for commercial property and the economy.

Recently Published

Monthly Threat Update July 2022
Articles by Topic - Reports CBRN Environmental Extremism Far-Right Extremism Islamist Extremism Monthly Update

Monthly Threat Update July 2022

Sector Risk Report: Airports
Articles by Type - Reports Sectoral Risk Uncategorised

Sector Risk Report: Airports

Monthly Threat Update June 2022
Articles by Type - Reports Far-Right Extremism Islamist Extremism Monthly Update Protect Duty Tactics

Monthly Threat Update June 2022

Climate Change Reporting
Articles by Topic - Reports Climate Change

Climate Change Reporting

Are you Protect Duty prepared?
Articles by Type - Commentary Blog Protect Duty

Are you Protect Duty prepared?

Monthly Threat Update May 2022
Articles by Type - Reports Cyber Terrorism Far-Right Extremism Monthly Update

Monthly Threat Update May 2022

Cyber Terrorism: Far-right extremists’ use of social media – an explainer
Articles by Topic - Commentary Blog Cyber Terrorism

Cyber Terrorism: Far-right extremists’ use of social media – an explainer

Monthly Threat Update April 2022
Articles by Type - Reports Cyber Terrorism Far-Right Extremism Islamist Extremism Monthly Update

Monthly Threat Update April 2022

Cyber Terrorism: Islamic State’s effective exploitation of social media
Articles by Topic - Commentary Blog Cyber Terrorism

Cyber Terrorism: Islamic State’s effective exploitation of social media

Cyber Terrorism: Understanding online radicalisation
Articles by Topic - Commentary Blog Cyber Terrorism

Cyber Terrorism: Understanding online radicalisation

Monthly Threat Update March 2022
Articles by Type - Reports Far-Right Extremism Islamist Extremism Monthly Update

Monthly Threat Update March 2022

UK Cyber Security: A New Approach?
Articles by Topic - Commentary Blog Cyber Terrorism

UK Cyber Security: A New Approach?

Monthly Threat Update February 2022
Articles by Type - Reports Far-Right Extremism Islamist Extremism Monthly Update

Monthly Threat Update February 2022

Monthly Threat Update January 2022
Articles by Type - Reports Environmental Extremism Islamist Extremism Monthly Update Tactics

Monthly Threat Update January 2022

Review of the Home Office Protect Duty Consultation Report January 2022
Articles by Topic - Reports Assessment Protect Duty

Review of the Home Office Protect Duty Consultation Report January 2022

Monthly Threat Update December 2021
Articles by Type - Reports Cyber Terrorism Far-Right Extremism Monthly Update Tactics

Monthly Threat Update December 2021

Solutions Annual Review 2021
Annual Update Articles by Type - Reports

Solutions Annual Review 2021

Monthly Threat Update November 2021
Articles by Type - Reports Monthly Update

Monthly Threat Update November 2021

Hospitality & High Streets – short guide to festive terrorism risk management planning
Articles by Type - Commentary Blog Threat Landscape

Hospitality & High Streets – short guide to festive terrorism risk management planning

Liverpool Women’s Hospital Taxi Explosion: Terrorism Post-Incident Report
Articles by Topic - Reports Islamist Extremism

Liverpool Women’s Hospital Taxi Explosion: Terrorism Post-Incident Report