POOL REINSURANCE

COMPANY News AND UPDATES

Keep up-to-date with the latest Pool Re company updates.

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...

Tom Clementi announced as our new CEO

Today, we are pleased to announce the appointment of Tom Clementi as Chief Executive Officer of Pool Re. Clementi, who joins on 4 April, has many years of insurance industry experience, where he was most recently CEO of MS Amlin Underwriting Ltd. Angela Knight, Chair...

Pool Re completes successful ILS cat bond placement

Pool Re, Britain’s leading terrorism reinsurer, has completed placement of its second ILS cat bond, following the maturing of its original ground-breaking issuance from 2019. Issued through a UK domiciled special-purpose vehicle, Baltic PCC Ltd., the 2022 notes were...

Pool Re completes expanded terrorism retrocession placement

Pool Re, Britain’s leading terrorism reinsurer, has completed placement of its retrocession programme with more than 50 international reinsurers. The placement provides £2.5bn of cover, increased from £2.475bn, and is led by Munich Re with Hannover Re and Fidelis...

Pool Re announces Angela Knight as new chair

Today we announced the appointment of Angela Knight CBE as non-executive chair, subject to regulatory approval. Angela has a broad cross-sector track record, combining political experience and business knowledge over a  career which has included   the financial...

Two new Pool Re Board appointees

Today we are pleased to announce the appointment of two new board members. Claudio Gienal, CEO, AXA UK & Ireland and Alan Rubenstein, chairman of NHBC, joined the board on 11 March 2021. Both will contribute their extensive expertise in commercial insurance to...

Audrey Kurth Cronin wins Neave Book Prize

We are pleased to announce Audrey Kurth Cronin, author of “Power to the People: How Open Technological Innovation is Arming Tomorrow’s Terrorists”, as the winner of the third Pool Re sponsored Neave Book Prize. The award is to honour the work of non-fiction which the...

Julian Enoizi statement on Vienna and Paris attacks

Julian Enoizi, Pool Re CEO, comments: "We are deeply saddened to hear of yet another attack in Europe, our hearts go out to the victims and their families. We stand by the side of our friends and colleagues who live and work in France and Austria, and extend our...

Guaranteeing Great Britain call for evidence

“Guaranteeing Great Britain: Managing Terrorism Risk & Building Resilience” is our ambitious strategy for meeting the challenges of a changing insurance environment and terrorist threat over the next five years. It is a blueprint based on over 12 months of...

Government announces latest five year review of Pool Re

Her Majesty’s Treasury has announced the launch of the latest five year review of Pool Re, with the objective of ensuring the good functioning of the UK’s terrorism (re)insurance market, the proper protection of public interests and agreeing Pool Re’s proposed...

Terrorism Reinsurance Pools 2018/19

IFTRIP, the International Forum for Terrorism Risk (Re)insurance Pools, brings together terrorism reinsurance pools from around the world, providing the international insurance industry an opportunity to learn from one another and respond effectively to the evolving...

Sponsored bursaries improve resilience of the UK

We are proud to sponsor five bursaries for Cranfield University’s new Counterterrorism Risk Management and Resilience MSc designed by Professor Andrew Silke. We work with a number of academic institutions and our sponsored bursaries in partnership Cranfield University...

New £2.4bn retrocession programme

We are pleased to announce the placement of our new £2.4 billion retrocession programme with more than 50 international reinsurers, led by Munich Re with Hannover Re also providing a significant part of the coverage. The retrocession is structured as an aggregate...

Pool Re announces ONS classification

Pool Re announces that the Office for National Statistics (ONS) has completed a classification assessment of the mutual. The ONS has independently judged that Pool Re should be classified to the central government subsector. Any organisation’s classification by the...

Statement on South West London incident

Julian Enoizi, Pool Re CEO, said: "The terrible incident that took place on Streatham High Street on the afternoon of Sunday 2 February is an untimely reminder that a terrorist attack can happen anywhere. We add our thanks to all the Emergency Services who responded...

Statement on Fishmongers’ Hall incident

Julian Enoizi, Pool Re CEO, commented: "On Friday 29 November, we witnessed the second attack in as many years on London Bridge and our thoughts and prayers are with the victims of this tragedy.  We also add our thanks to the many voices who have praised the bravery...

Fresh new brand identity and website

We have a refreshed brand and an exciting new website! We are excited to announce the launch of our fresh new brand as well as our new user-friendly website. We’ve changed a lot since we were founded in 1993.  We have grown as an organisation, developed our...

IFTRIP Conference News

This year’s IFTRIP Annual International Conference proved to be another great success for the organisation. A broad spectrum of themes was brought to life by an exceptional range of speakers. The conference welcomed one of the largest international gatherings of...

Pool Re Solutions: a specialist unit

We are thrilled to announce the launch of Pool Re Solutions, a specialist unit created to support member insurers and their policyholders by sharing the unique understanding and partnerships we have established over 25 years of reinsuring terrorism risk. This new...

Pool Re purchases pioneering terrorism NDBI retro cover

Today we announced the placement of our new retrocession programme covering non-damage business interruption (”NDBI”) losses. The programme incepted on July 5th. The Counter-Terrorism and Border Security Bill 2018, which was signed in February 2019, allows Pool Re to...

Terrorism Frequency Report 02/19

Welcome to our fifth Pool Re Terrorism Frequency Report. In this edition we have taken a holistic view of the terrorism threat to the United Kingdom and considered actors from both ends of the terrorism spectrum, from Left-Wing Terrorism (LWT) to Right-Wing Terrorism...

Pool Re BIBA newsletter 2019

Pool Re’s 25th Anniversary Year was a noteworthy one, with 2018 seeing two of the most significant enhancements to Pool Re’s cover since it was established. New cover for physical damage caused by an act of cyber terrorism, combined with the development of legislation...

Launch of Information Sharing Platform Project with Met police

We have invested in a joint project with the UK National Counter-Terrorism Police HQ and the Home Office’s Joint Security & Resilience Centre, helping businesses to better understand the threat and how to proactively manage and mitigate the risk of terrorism. In a...

Terrorism Frequency Report 01/19

Welcome to our fourth Pool Re Terrorism Frequency Report and the first report in 2019. In this edition we look in some detail at the issues and challenges posed by terrorist attacks causing Non-Damage Business Interruption (NDBI). The recently passed Counter-Terrorism...

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