Pool Re

Pool Re

Insurance

Reinsuring Terrorism Risk

About us

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.

Industry
Insurance
Company size
11-50 employees
Headquarters
London
Type
Privately Held
Founded
1993
Specialties
Reinsurance, Terrorism Insurance, Terrorism Risk, and UK Insurance

Locations

Employees at Pool Re

Updates

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    🆕 Just released! Our latest Strategic Threat Assessment provides a summary of recent key global terrorism-related incidents and a strategic threat assessment on the UK terrorism threat landscape, including: · High profile plots across the US and Europe related to Islamic State show that the group, and individual’s adhering to its ideology, remain a prominent terrorism threat to the UK. · Following the first anniversary of the 07 October 2023 Hamas attacks against Israel, it is almost certain that the Israel-Hamas war and subsequent regional conflict remains a driver of terrorism threat in the UK. · New and novel techniques through which terrorist actors increasingly seek to achieve their aims, including three individuals who have been sentenced for the possession of 3D-printed weapons and associated materials. Take a read here ➡ https://lnkd.in/eezE8qMm #Terrorism

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    We are pleased to announce the appointment of Andrew Stark to the newly created role of head of underwriting, effective immediately. Andrew has joined Pool Re ahead of the April 2025 change from its current facultative obligatory treaty to an annual aggregate XOL treaty scheme. He has more than 20 years’ experience as a Lloyd’s underwriter and will report to chief underwriting officer, Jonathan Gray. Learn more here ➡ https://lnkd.in/eQ69uVCF #underwriting #insurance #reinsurance #terrorism 

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    🎙️ Latest episode! #TotallyTerrorism, our insightful podcast, takes a look at the current state of extreme right-wing terrorism in the UK in episode #014, out now.   This month, threat analysts Lucy Hagger and Oliver Hair ASyI explore a range of topics including how to define extreme right-wing terrorism, the role of the internet in spreading extreme right-wing ideology, as well as the prevalence of this ideology in counter-terrorism investigations related to young adults and children. They are also joined by Dr Jessica White Ph.D., the acting director of Conflict and Terrorism Studies at the Royal United Services Institute (RUSI). As well as providing expert commentary for Pool Re’s latest deep dive report, RUSI has helped Pool Re review its findings and enhance the final analysis.   Take a listen here: https://lnkd.in/ecFXDT33 The podcast is also available on Spotify, Apple Podcasts and Amazon Music. Remember to like, subscribe, and share.

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    We are delighted to announce an exciting lineup of speakers for our upcoming panel discussion ‘Strategies to reduce terrorism risk for your organisation’ at our 2024 Market Event on Thursday, 28th November in London. We are privileged to welcome: · Steven McGrath FSyl CTRM GCGI - Head of Security, Wembley Stadium   · Chris Simpson - DCI - Head of Engagement, National Counter Terrorism Security Office  · Emma Shaw MBA CSyP FSyl FCMI - Managing Director, Mitie Intelligence Services | Mitie Security · Calum Ronald - Senior Security Consultant, Pool Re Solutions    This informative panel will be hosted by Head of Pool Re Solutions, Chris Medhurst-Cocksworth and will offer guidance to large businesses and SMEs on how to protect their operations and mitigate terrorism risks and threats. Key topics will include: safeguarding people (Martyn’s Law), securing buildings and offices (insurance), and implementing security measures. To find out more and book your place visit: https://lnkd.in/ewWGbRrk #Terrorism #Insurance #Reinsurance #Risk #Security #SMEs #Business #MartynsLaw

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    As part of our commitment to understanding the rapidly developing security landscape, we are pleased to release a new report, ‘The Current State of Extreme Right-Wing Terrorism’.   The report highlights an important shift: that far-right terrorism has evolved away from structured groups to a more disparate, dispersed, online threat, and as a result is likely to remain a significant threat in the long term. The report also warns of the risk of radicalisation to individuals under the age of 18, perpetuated by the ease of internet access and the increasing amount of time spent online by children and young adults in the UK. Find a full copy of the report here: https://lnkd.in/eze54ddV

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    We’re proud to say that our very own Threat Analyst, Oliver Hair ASyI has won the President of the Security Institute’s Award for Outstanding Young Professional. This award recognises rising stars in the security sector, where Oliver’s work in raising terrorism awareness, developing threat assessments and leading forums for threat analysts has made a huge impact. He is also the voice behind our podcast, Totally Terrorism. 🎙️ Congratulations, Oliver, on this well-deserved commendation! The Security Institute #YoungProfessionalAward #ThreatAnalysis #SecurityLeadership

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    On 14th October, the government commended the Terrorism (Protection of Premises) Bill, known as #MartynsLaw to the House of Commons – a significant step towards strengthening the UK's preparedness against terrorism. Pool Re supports the government in taking another step towards enhancing the protection of the UK’s public places from terrorist attacks and the recognition of insurers’ role in supporting future legislation.   We remain committed to helping businesses and organisations in preparing for the impact of the legislation and will continue to support the insurance industry as the law progresses.   Learn more about the latest developments in Martyn’s Law here: https://lnkd.in/ec8nXRnB   #terrorism #UKsecurity

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    🎙We're back! Totally Terrorism, our #podcast packed with intriguing and enlightening episodes has returned! Episode #13 features a conversation with Jonathan Hall KC (@terrorwatchdog), the UK's Independent Reviewer of Terrorism Legislation since 2019 and more recently of State Threat Legislation. In this episode, we speak to Jonathan about what it means to be the Independent Reviewer of Terrorism Legislation, the evolving nature of terrorism threat in the UK, as well as Jonathan’s own thoughts on the role of the internet in facilitating terrorism and extremism-related activity in the UK.    Take a listen here: https://lnkd.in/ebV67vZQ   The podcast is also available on Spotify, Apple Podcasts and Amazon Music. Remember to like, subscribe, and share.

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    ⏳ The countdown is on! Our 2024 Market Event ‘𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐢𝐧𝐠 𝐓𝐞𝐫𝐫𝐨𝐫𝐢𝐬𝐦 𝐑𝐢𝐬𝐤𝐬: 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬 𝐚𝐧𝐝 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬’ will take place on Thursday, 28th November at the historic Glaziers Hall in London. Join us for a morning of expert insights and discussions with key insurance, terrorism risk and security professionals, leaders, and decision-makers. Key topical issues being discussed this year will include ‘Exploring the Terrorism Landscape’ and ‘Strategies to Reduce Terrorism Risk for your Organisation’. To learn more and to reserve your place visit ➡ https://lnkd.in/ewWGbRrk #Terrorism #Insurance #Reinsurance #Risk #Security

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