Reinsurance News
Pool Re
Pool Re lifts ILS protection to £200m with latest cat bond
31st March 2026
Britain’s government-backed terrorism reinsurer Pool Re has sponsored its fourth £100 million catastrophe bond, supporting UK economic resilience and protecting businesses from terrorism-related losses while keeping risk in the private markets. Issued through the UK-domiciled special purpose vehicle Baltic PCC Limited, the transaction provides Pool Re with £100 million of collateralised ... Read the full article
Pool Re finalises renewal of £2.75bn retrocession placement
5th March 2026
Britain’s government-backed terrorism reinsurer, Pool Re, has completed the placement of its 2026 retrocession placement, securing £2.75 billion of aggregate excess of loss cover, including new cover for non-damage business interruption (NDBI). In terms of the size, the £2.75 billion of retro reinsurance protection secured through this 36 month placement is ... Read the full article
UK SMEs underprepared for terrorism risk, warns Pool Re
28th November 2025
Pool Re, the UK’s largest terrorism reinsurer, has highlighted the significant terrorism insurance gap among small and medium-sized enterprises (SMEs), with industry experts calling for terrorism cover to be reinstated as a standard feature of commercial property insurance to better protect SMEs and ensure business continuity. At its annual Market Event, ... Read the full article
MPs urge expansion of government reinsurance schemes as cyber threats rise
24th November 2025
The Business and Trade Committee, responsible for scrutinising the Department for Business and Trade, has urged the Government to urgently expand reinsurance schemes like Pool Re to support private markets and bolster business resilience, particularly against cyber threats. In its Eleventh Report of Session 2024–26, the Committee underscored re/insurance as a ... Read the full article
Pool Re targets ‘perception gap’ with Treaty reforms to expand terrorism cover
5th September 2025
Only around 4% of UK SMEs currently buy terrorism insurance, a shortfall Pool Re attributes as much to a “perception gap” as to cost, with many businesses unaware that terrorism risks are excluded from standard policies, prompting a Treaty overhaul designed to embed cover more seamlessly and boost take-up while ... Read the full article
Pool Re selects Clearwater Analytics to modernise investment operations
11th June 2025
Great Britain’s government-backed terrorism reinsurer, Pool Re, has chosen Clearwater Analytics, a provider of SaaS-based investment management, accounting, reporting, and analytics solutions, to modernise its investment operations, accounting, and risk management infrastructure. After a 2024 tender process, Pool Re, which oversees more than £7.2 billion in assets, has adopted Clearwater’s platform ... Read the full article
Richard Roberts joins Pool Re as Chief Finance and Investment Officer
16th April 2025
Great Britain’s government-backed terrorism reinsurer Pool Re has appointed Richard Roberts to the newly created role of Chief Finance and Investment Officer, subject to regulatory approval. Roberts is a seasoned executive, having most recently held the Head of EMEA and Asia Insurance Business Development position at AllianceBernstein, where he was responsible ... Read the full article
Pool Re secures £100m of terrorism retrocession coverage with latest cat bond
8th April 2025
Pool Re, a UK-based provider of terrorism reinsurance, has successfully completed the placement of its third catastrophe bond, Baltic PCC Limited (Series 2025-1), which provides the reinsurer with £100 million of collateralised retrocession protection. This new issuance reinforces Pool Re’s ongoing commitment to shielding UK taxpayers from the financial impact ... Read the full article
Pool Re completes transition to modernised cat treaty reinsurance scheme
1st April 2025
With the support of its Members, regulators, and HM Treasury, Pool Re, Great Britain’s government-backed terrorism reinsurer, has completed its transition to a modernised catastrophe treaty reinsurance scheme. Originally announced in March 2024, the new scheme intends to enable Pool Re to better serve its Members by addressing the evolving ... Read the full article
Pool Re initiates consultation on reintegration of terrorism coverage for SMEs
10th March 2025
Pool Re, the UK’s government-backed reinsurer for terrorism-related risks, has launched a market consultation aimed at exploring the possibility of including terrorism coverage as a standard feature in commercial property insurance for small and medium-sized enterprises (SMEs). The consultation, which will run until April 2025, seeks input from Pool Re’s members, ... Read the full article
Pool Re completes placement of new £2.75bn retrocession programme
3rd March 2025
Britain’s government-backed terrorism reinsurer, Pool Re, has completed the placement of a new retrocession programme with over 60 international reinsurers, providing £2.75 billion of aggregate excess of loss cover, up from £2.4 billion. This placement reportedly provides reinsurance for property damage resulting from acts of terrorism certified by the UK Government, ... Read the full article
Pool Re may seek more private market retro after changes to agreement with HM Treasury
10th February 2025
As Pool Re, the UK’s government-backed terrorism reinsurer, prepares for its renewal, changes to the company's retrocession agreement with HM Treasury suggests the reinsurer could require much more private market retrocession coverage when compared with previous years. Today, HM Treasury, the UK government's economic and finance ministry, published the retrocession agreement ... Read the full article
Pool Re appoints Andrew Stark as Head of Underwriting
6th November 2024
Pool Re, the UK’s government-backed terrorism reinsurer, has announced the appointment of Andrew Stark to the newly created role of Head of Underwriting. In his new role, Stark will report to Jonathan Gray, Chief Underwriting Officer at Pool Re. Stark’s appointment comes ahead of Pool Re’s planned transition in April 2025 ... Read the full article
Pool Re selects Aon Securities & Howden Capital Markets for ILS advisory contract
22nd August 2024
Pool Re, a UK terrorism reinsurer, announces that following a competitive tender process, it has selected Aon Securities Limited and Howden Capital Markets and Advisory for an insurance-linked securities (ILS) advisory contract. Previously, Pool Re has secured reinsurance protection through catastrophe bonds, successfully raising a total of £175 million in ILS ... Read the full article
Pool Re to streamline finance and investment processes with Clearwater partnership
11th July 2024
Clearwater, a provider of SaaS-based investment management, accounting, reporting, and analytics solutions, has partnered with Pool Re, Britain's government-backed terrorism reinsurer, to support its investment accounting and reporting process. With this partnership, the UK reinsurer aims to transition from using a custodian-based model to Clearwater's single instance, multi-tenant platform to streamline ... Read the full article
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