Pool Re
Insurance - London, ENG, UK
Pool Re Details
The heart of our mission is to provide financial protection from the impact of terrorism, and in so doing, improve the UK’s resilience if the worst should happen. We operate as a unique public-private partnership, with the benefit of an unlimited HM Treasury loan facility. We cover £2.2trillion of UK based assets including businesses of all sizes, from shopping centres and local traders to airports and power grids; across sectors of the economy such as real estate, retail, transport, construction and energy. We are globally recognised as the leading experts in terrorism risk financing, and have been operating since 1993; following the withdrawal of terrorism cover by most insurers as a result of the untenable losses arising from the Troubles in Northern Ireland. Sadly, terrorism continues to provide a malevolent risk, and to date we have paid claims in excess of £1.25 billion (when adjusted for inflation) in relation to 17 terrorist events since our foundation. In response to the increasing complexities regards terrorism risk, we developed Pool Re SOLUTIONS, a specialist consultancy unit created to provide Member insurers and their policyholders with a range of tools and information to better understand and mitigate terrorism risk.
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