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 excluded 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

Russia: Highly Likely Crocus City Hall Terrorist Attack Conducted by Islamic State
Threat Analysis Threat Landscape

Russia: Highly Likely Crocus City Hall Terrorist Attack Conducted by Islamic State

UK: New Definition of Extremism Announced
Threat Analysis Threat Landscape

UK: New Definition of Extremism Announced

Left-Wing Anarchist Guilty of Preparing Acts of Terrorism
Threat Analysis Threat Landscape

Left-Wing Anarchist Guilty of Preparing Acts of Terrorism

Three Charged with Attack Plot Against Islamic Education Centre
Threat Analysis Threat Landscape

Three Charged with Attack Plot Against Islamic Education Centre

“Andrew Tate Admirer” Jailed Following University Attack Plot
Threat Analysis Threat Landscape

“Andrew Tate Admirer” Jailed Following University Attack Plot

Islamist Terrorist Sentenced to a Minimum of Five Years in Prison
Threat Analysis Threat Landscape

Islamist Terrorist Sentenced to a Minimum of Five Years in Prison

Home Office proscribe Hizb ut-Tahrir as a terrorist organisation
Islamist Terrorism Threat Analysis

Home Office proscribe Hizb ut-Tahrir as a terrorist organisation

Vehicle as a Weapon and Bladed Weapons Attack in Israel
Threat Analysis Threat Landscape

Vehicle as a Weapon and Bladed Weapons Attack in Israel

Six Arrested Over Plot to Disrupt London Stock Exchange
Single Issue Terrorism Threat Analysis

Six Arrested Over Plot to Disrupt London Stock Exchange

Individual Sentenced to Life in Prison for Attack Plot
Threat Analysis Threat Landscape

Individual Sentenced to Life in Prison for Attack Plot

UK Podcast Hosts Sentenced for Terror Offences
Right Wing Terrorism Threat Analysis Threat Landscape

UK Podcast Hosts Sentenced for Terror Offences

Individual Sentenced After Hostile Reconnaissance at Iran International UK Headquarters
State Threat Threat Analysis Threat Landscape

Individual Sentenced After Hostile Reconnaissance at Iran International UK Headquarters

New Statistics Show Increase in Prevent Referrals
Threat Analysis Threat Landscape

New Statistics Show Increase in Prevent Referrals

Individual Jailed for Hyde Park Firearms Plot
Islamist Terrorism Threat Analysis

Individual Jailed for Hyde Park Firearms Plot

Seven Individuals Arrested Over Terror Plots Linked to the Middle East
Islamist Terrorism Threat Analysis

Seven Individuals Arrested Over Terror Plots Linked to the Middle East

How to Stay Safe During the Festive Period
Blog Security

How to Stay Safe During the Festive Period

Islamist Terrorist Conducts Bladed and Blunt Force Weapons Attack in Paris
Islamist Terrorism Threat Analysis

Islamist Terrorist Conducts Bladed and Blunt Force Weapons Attack in Paris

2023 Annual Threat Report
Annual Report Threat Landscape

2023 Annual Threat Report

Former British Soldier Found Guilty of Preparing Right-Wing Terrorist Attack
Right Wing Terrorism Threat Analysis

Former British Soldier Found Guilty of Preparing Right-Wing Terrorist Attack

Suspected UK Member of Islamic State Sentenced for Terrorism Offences
Islamist Terrorism Threat Analysis

Suspected UK Member of Islamic State Sentenced for Terrorism Offences