Pool Re ‹ Press Releases

Jul

2019

Pool Re purchases pioneering terrorism NDBI retro cover

Posted on 8th July 2019 by Mazin Shammas and has No comment

Pool Re, Britain’s leading terrorism reinsurer, today announced the placement of its 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 cover losses […]

Jul

2019

The process of radicalisation and therefore its impact on the terrorist threat to the UK is evolving, finds Pool Re’s latest Terrorism Frequency Report

Posted on 1st July 2019 by Mazin Shammas and has No comment

Pool Re, Britain’s leading terrorism reinsurer, has announced the publication of its latest Terrorism Frequency Report, one of their regular reviews of the contemporary threat which is produced by Pool Re’s in-house Terrorism Risk and Analysis Centre (TRAC). The report includes an assessment of ideological trends […]

Mar

2019

Pool Re publishes fourth Terrorism Frequency Report to strengthen industry understanding of the peril

Posted on 13th March 2019 by Mazin Shammas and has No comment

Pool Re, Britain’s leading terrorism reinsurer, has announced the publication of its fourth Terrorism Frequency Report, a quarterly view of the contemporary threat which is produced by the Terrorism Risk and Analysis Centre (TRAC) – the in-house expert analysis team at Pool Re. As well as […]

Mar

2019

Pool Re collaborates with Home Office and UK National Counter-Terrorism Policing on new initiative to make businesses more resilient to terrorism

Posted on 6th March 2019 by Mazin Shammas and has No comment

Pool Re, Britain’s leading terrorism reinsurer, has 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 more proactively protect against the risk of terrorism. In a ground-breaking collaboration between the insurance industry, […]

Mar

2019

Pool Re completes £2.3 billion terrorism retrocession placement

Posted on 1st March 2019 by Mazin Shammas and has No comment

Pool Re, Britain’s state-backed terrorism reinsurer, has today completed placement of its £2.3 billion retrocession programme with more than 50 international reinsurers, led by Munich Re. The programme, provided on a three-year basis, is one of the largest reinsurance deals in the world, and the largest […]

Feb

2019

Pool Re places the world’s first-ever terrorism cat bond

Posted on 26th February 2019 by Mazin Shammas and has No comment

Pool Re, Britain’s state-backed terrorism reinsurer, has broken new ground with its placement of a GBP £75 million catastrophe bond. Issued through a special-purpose vehicle, Baltic PCC Ltd., the bond is the first-ever insurance-linked securities (ILS) contract to cover terrorism risk exclusively, and only the second […]

Feb

2019

Firms better protected against terrorism: Royal Assent for bill allowing Pool Re to cover non-damage business interruption

Posted on 12th February 2019 by Mazin Shammas and has No comment

Pool Re today welcomed Royal Assent being given to the Counter-Terrorism and Border Security Bill 2018 which will allow Pool Re to cover losses incurred if a business cannot trade or is prevented from accessing its premises in the wake of a terrorist attack. Before the […]

Jan

2019

Pool Re returns contingency cover against terrorist acts to the commercial reinsurance market

Posted on 7th January 2019 by Mazin Shammas and has No comment

Pool Re today announced that as a result of sufficient capacity now existing within the commercial insurance and reinsurance markets to cover contingency losses arising from acts of terrorism, it will cease to reinsure Members for the contingency cover they provide to their insureds. The state-backed […]

Nov

2018

Christopher Andrew’s The Secret World: A History of Intelligence wins the Airey Neave Book Prize

Posted on 28th November 2018 by Mazin Shammas and has No comment

”Magisterial survey” with mischievous humour recognised in award sponsored by Pool Re, the UK’s terrorism reinsurer The 2018 Airey Neave Book Prize has been awarded to The Secret World: A History of Intelligence, written by Professor Christopher Andrew, by a panel of experts assessing the most […]

Nov

2018

Pool Re publishes its fourth Terrorism Threat & Mitigation Report and gives details of proposed cover for Non-Damage Business Interruption

Posted on 13th November 2018 by Mazin Shammas and has No comment

At the City of London launch, the UK police lead for counter terrorism endorses Pool Re’s actions and commitment to build the UK’s economic resilience Pool Re, the UK’s terrorism reinsurance pool, has today published its annual Terrorism Threat & Mitigation Report, which focuses on the […]

Oct

2018

International Forum of Terrorism Risk (Re)Insurance Pools convenes 2nd annual conference in Moscow

Posted on 11th October 2018 by Mazin Shammas and has No comment

The International Forum of Terrorism Risk (Re)Insurance Pools (IFTRIP) today convened its annual conference in Moscow following a series of closed session meetings involving terrorism risk finance experts from across the world. The event brought together senior delegates from the Member Pools and was hosted by […]

Jul

2018

UK terrorism threat likely to be amplified by shortened cycle of conviction, custodial sentence and release of prisoners – businesses should reduce risk and strengthen resilience, says latest Pool Re report

Posted on 31st July 2018 by Mazin Shammas and has No comment

Pool Re, the terrorism reinsurance pool, today publishes its latest Terrorism Frequency Report which analyses the risk landscape of the UK and internationally, focusing on the ‘post-Caliphate’ generation of extremists. It examines the threat posed by those convicted terrorists who’ve already been released, or are soon […]

Jul

2018

Pool Re appoints Chief Strategy and Communications Officer

Posted on 3rd July 2018 by Mazin Shammas and has No comment

Pool Re has announced the appointment of Tracey Paul to the newly-created role of chief strategy and communications officer. Paul takes up the new executive position with immediate effect, and will report to Julian Enoizi, chief executive. Paul brings more than two decades of strategic communications […]

Apr

2018

Salisbury poison incident and attendant financial losses expose insurance gap

Posted on 30th April 2018 by Mazin Shammas and has No comment

Pool Re, the terrorism reinsurance pool, today announces the publication of its latest Terrorism Frequency Report, which analyses recent terrorist trends and their significance to the UK insurance community. This edition includes a discussion of the attack against Sergei and Yulia Skripal, and the economic impact […]

Apr

2018

Pool Re publishes unique study on terrorism trends in advanced markets over 25-year period

Posted on 30th April 2018 by Mazin Shammas and has No comment

Pool Re, the terrorism reinsurance pool, today announces the publication of its latest Terrorism Frequency Report, which coincides with the 25th anniversary of the reinsurer’s foundation. The report assesses terrorism trends in advanced markets from 1990 to 2016 through the lens of those (re)insuring terrorism over […]

Apr

2018

Pool Re appoints GC Securities to explore ILS options

Posted on 25th April 2018 by Mazin Shammas and has No comment

Pool Re today announced that, following a competitive RFP, it has appointed GC Securities, a division of MMC Securities LLC, as its insurance linked securities (ILS) advisor and placement agent. This partnership will enable Pool Re to further assess its options from the ILS market, including […]

Mar

2018

Pool Re hails Government action to close the terrorism insurance gap

Posted on 22nd March 2018 by Mazin Shammas and has No comment

Pool Re today welcomed the Government’s commitment to amend the 1993 Reinsurance (Acts of Terrorism) Act to enable it to extend its cover to include non-damage business interruption losses resulting from acts of terrorism. The reinsurer is currently restricted by the 1993 Act only to pay […]

Mar

2018

Pool Re renews retrocession programme which extends cover to include cyber terrorism

Posted on 1st March 2018 by Gavin Warren and has No comment

Pool Re today announced that it has renewed its retro programme and extended the cover to include material damage and direct business interruption (BI) caused by acts of terrorism using remote digital interference. The renewed cover, brokered by Guy Carpenter, has been increased by £100m to […]

Feb

2018

Pool Re launches terrorism risk self-assessment tool to reduce costs for insureds

Posted on 14th February 2018 by Gavin Warren and has No comment

Pool Re, the UK terrorism reinsurer, today announced the launch of the Vulnerability Self-Assessment Tool (VSAT). This resource, aimed at medium and large businesses, will enable Pool Re member insurers to offer a 5% premium discount to insureds which implement proven and effective risk mitigation measures. […]

Feb

2018

Pool Re publishes inaugural Terrorism Frequency Report providing Members with expert view on the terrorist threat

Posted on 5th February 2018 by Gavin Warren and has No comment

Pool Re, the UK’s terrorism reinsurance pool, today announced the publication of the Terrorism Frequency Report, a quarterly view of the contemporary threat, produced by the Scheme’s Terrorism Risk and Analysis Centre (TRAC). This resource will provide Pool Re Members and stakeholders with a record of […]

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