Pool Re
Reinsurance tariff hike won't impact Pool Re rates, claims Willis
The increased premium ceded to government as part of the new deal agreed with Pool Re will not result in a hike in rates paid by members of the terrorism facility, according to Ian Kennett, executive director in Willis' real estate practice.
Editor's comment: Technology makes the world go around
It’s hard to think of a part of the modern world that isn’t driven by technology – and with this comes the risk of downtime and hacking.
Pool Re-style cyber terrorism facility could stimulate the market for insurance
Cyber insurance concept raised at CFC Cyber Symposium
Government open to concept of cyber risk pool
Cabinet Office minister Francis Maude MP has not ruled out the possibility of a Pool Re-type arrangement to cover cyber crime risk.
Insurers to remain reliant on Pool Re in face of large potential losses
Insurers are likely to continue to participate in Pool Re despite the proposed levy increase, according to a briefing from AM Best.
Pool Re satisfied with terror deal despite ceding increased premium to Treasury
Members vote in favour of deal that will see 50% of premium go to government
Marsh unveils Pool Re alternative terrorism facility
Marsh has unveiled a new UK terrorism facility to provide cover to clients with commercial property assets in the UK.
Airmic throws support behind Pool Re modernisation plans
Risk management association Airmic has claimed plans to modernise Pool Re will make the terrorism reinsurance scheme more attractive to business as well as diversifying its risk base.
Pool Re members vote in favour of Treasury retrocession changes
Pool Re members have voted unanimously in favour of approving the demands made by HM Treasury for changes to its retrocession agreement.
Pool Re hails Treasury 'concessions' ahead of EGM vote
Pool Re has welcomed "significant concessions” from HM Treasury in its quest to modernise the terrorism scheme.
Pool Re members urged to back amended retrocession deal
An extraordinary general meeting has been convened for members of government-backed terrorism facility Pool Re, following news that HM Treasury plans to amend the terms of its retrocession agreement.
Government's Pool Re levy increase leaves insurers little room to manoeuvre
The timing of the government's proposed increase to its Pool Re fee has left insurers with few options, according to market commentators, as time to negotiate alternative reinsurance arrangements is limited.
Insurers likely to benefit as Treasury looks to hike Pool Re fee
The government’s attempt to increase the fees it receives from Pool Re will provide substantial growth opportunities for independent insurers as buyers look for alternative cover, according to Lockton’s terrorism head.
Roundtable: Digital culture: ‘This is an industry taking action’
How can companies build digital cultures that maintain their relevance in the insurance market of the future? Post, in association with Accenture, invited specialists from a range of insurers to assess this critical issue
Pool Re recruits Sir Brian Bender as NED
Sir Brian Bender has joined terrorism reinsurer Pool Re as a non-executive director.
Market Moves: Aspen, Barbican and XL bring in new underwriters as insurers are most active recruiters
Insurers maintained their recruitment emphasis this week with multiple hires across the sector. XL, Aspen and Barbican were among those to reveal new underwriting roles, in the form of a fine art underwriter, a global chief underwriting officer and a…
Eversheds' Jagger joins Pool Re as non-exec
Denise Jagger, a senior corporate finance lawyer and partner at Eversheds, has joined terrorism reinsurer Pool Re as a non-executive director.
Career file - Julian Enoizi: Enoizi named Pool Re chief executive
Julian Enoizi is to become chief executive of UK government‑backed terrorism mutual Pool Re.
Enoizi appointed chief executive of Pool Re
Julian Enoizi is to become chief executive of UK government-backed terrorism mutual Pool Re.
View from the top: Pool solution a proven concept
For those of us living or working in the UK, one regular weather event is inevitable: lots of rain. So, most readers won’t take much convincing of the fact that, in 2012, Britain suffered its second-wettest year since records began in 1910.
Olympics: Claims from the games
Terrorism, adverse weather and the outbreak of disease could all cause the cancellation of the Olympics. But could the industry cope if the Games were canned?
Twenty years on: Impact of the Baltic Exchange attack
Today is the 20th anniversary of the Baltic Exchange blast in St Mary Axe in which three people died.