Artemis ILS NYC 2020

Menu

Reinsurance News

Austrian terrorism reinsurance pool signs up to IFTRIP

10th January 2017 - Author: Steve Evans

The Austrian terrorism reinsurance pool, Österreichischer Versicherungspool zur Deckung von Terrorrisiken (VV0), has signed up to support the charter of the International Forum of Terrorism Risk Reinsurance Pools (IFTRIP).

The Austrian terror risk reinsurance pool is the seventh sovereign risk pool to sign up to the IFTRIP charter since its inception in Canberra in October 2016.

IFTRIP was set up as an independent working group to provide a discussion forum for issues relevant to national or state level terrorism insurance or reinsurance providers, as well as developments in the insurance/reinsurance industry.

During 2017 IFTRIP’s key activities will be discussed at a conference in Paris at the end of June, providing an opportunity for technical issues and practical concerns related terrorism insurance or reinsurance to be shared and discussed among global interested parties.

Julian Enoizi, CEO of Pool Re, commented on the announcement; “I am very pleased that the VVO is the latest terrorism reinsurance pool to formally commit its support to IFTRIP. The goal of this organisation is clear. We are bringing together the expertise and experience housed in terrorism reinsurance pools across the globe to evolve our products and develop a more comprehensive terrorism reinsurance proposition.

“Terrorism is no longer limited to specific nations, nor are terrorists’ restricted to traditional attack methods. IFTRIP enables us to develop a more collective and robust response which draws on the best our industry has to offer.”

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous article:
Reinsurance News – Tuesday 10th January 2017

Here’s your daily Reinsurance News for Tuesday 10th January 2017: $510m run-off startup Premia launches with Arch & Kelso backing...

Close