Pool Re incorporated
Pool Re was established in 1993 as a response to the market failure that was triggered by the bombing of the Baltic Exchange...
Pool Re was established in 1993 as a response to the market failure that was triggered by the bombing of the Baltic Exchange. The costs of the Provisional IRA’s mainland bombing campaign in the 1990s led to reinsurers withdrawing cover for terrorism-related damage, with insurers compelled to follow suit. Pool Re was founded by the insurance industry in cooperation with, and backed by funding from Her Majesty’s Treasury, to form a private sector solution to a public policy objective.

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