Reinsurance News

Pool Re says will work to pay any Manchester attack claims as quickly as possible

23rd May 2017 - Author: Steve Evans

UK terrorism reinsurance backstop Pool Re has said that it will work with its various members to respond to any claims arising after last night’s horrific attack in Manchester.

The northern UK city of Manchester was struck by a terrorist attack last night, after a suspected suicide bombing at a pop concert killed 22 people and injured 59 others.

A statement from Pool Re, the reinsurance fund set up to support terrorism insurance markets and backed by the UK government, said that it would attempt to respond to any claims resulting from the Manchester attack as quickly as possible.

“Our thoughts are with all those affected by last night’s horrific attack in Manchester. Pool Re will work with its Members in resolving any claim arising from the attack as quickly as possible. We will make a further statement as more information becomes available,” Pool Re’s statement explained.

Market sources including brokers have suggested this morning that the attack in Manchester could hit the terrorism insurance market, however whether it would result in the triggering of terrorism reinsurance covers is too early to say at this time.

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