Reinsurance News
Terrorism reinsurance
Terrorism reinsurance news and analysis can be found below.
Reinsurance for terrorism risks provides insurers with a backstop for potentially catastrophic and difficult-to-predict losses from terrorist attacks.
Due to the fact the private reinsurance market is often capacity constrained to cover such enormous, concentrated and potentially volatile terrorism risks, governments in many countries (including the UK, US, and Australia) have established public-private terror reinsurance risk pools to ensure terrorism insurance cover remains available to businesses.
Pool Re welcomes AXA Insurance UK to SME Incentive Scheme
29th October 2026
AXA Insurance UK, a provider of commercial insurance in the UK, has joined Pool Re’s SME Incentive Scheme, an initiative designed to increase access to terrorism insurance for small and medium-sized enterprises (SMEs). Pool Re, the UK’s terrorism reinsurer, said AXA’s participation would support efforts to address the gap in insurance ... Read the full article
Price Forbes launches first-of-its-kind integrated property, cargo and terrorism facility
12th October 2026
Price Forbes, a specialist insurance and reinsurance broker, has announced the launch of Accordium, the first integrated London market facility to combine property, stock throughput and terrorism cover under a single policy. Accordium will target SME and mid-market businesses with total insured values of up to $1 billion and will be ... Read the full article
Industry reacts to proposed changes to US terrorism insurance backstop
2nd October 2026
Proposed changes to the federal terrorism insurance backstop could raise the program trigger to $10 million from $5 million and require insurers to absorb more terrorism-related losses, according to new commentary from AM Best. The proposed Terrorism Risk Insurance Program (TRIA) Program Reauthorization Act of 2026 would extend the current Terrorism ... Read the full article
Liberty Specialty Markets promotes Beard to Head of UK & MENA War and Terrorism
26th August 2026
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has announced the promotion of Jennie Beard to Head of UK & MENA War and Terrorism, effective 1 August 2026. In her new role, Beard will continue to lead and develop LSM’s UK War and Terrorism proposition, broadening her leadership remit ... Read the full article
Pool Re launches TERRA to help policyholders manage terrorism risk across their property portfolios
30th June 2026
Britain’s largest terrorism reinsurer, Pool Re, has launched TERRA (Terrorism Risk and Resilience Assessment), designed to help policyholders assess and manage terrorism risk across their property portfolios. According to Pool Re, TERRA provides businesses with tailored insights by combining protective security guidance from the police and the National Protective Security Authority ... Read the full article
Tokio Marine Kiln appoints Georgina Rennie as Head of Political Violence & Terrorism
11th June 2026
Tokio Marine Kiln (TMK), an international specialty insurer, has announced the appointment of Georgina Rennie as Head of Political Violence and Terrorism (PVT). In her new role, Rennie will be responsible for leading the strategic development and underwriting performance of the company's PVT portfolio across London and Singapore. She will report ... Read the full article
The Fidelis Partnership launches Guy Carpenter-placed PVT Consortium
4th June 2026
The Fidelis Partnership (TFP) has launched a PVT Consortium, placed by Guy Carpenter, bringing together leading Lloyd’s syndicates to deploy new capacity into the war, terror and political violence (WTPV) market. According to TFP, the Consortium will bring together capacity from leading Lloyd's Syndicates, including Argenta, alongside TFP's own Syndicates, 3123 ... Read the full article
SiriusPoint names Paul Beattie and Ed Winter as Heads of new Crisis Solutions platform
27th May 2026
SiriusPoint, a specialty insurer and reinsurer, has appointed Paul Beattie and Ed Winter as joint Heads of its newly established Crisis Solutions class of business within its London Market Specialty division. The new team will initially focus on war, political violence, and terrorism risks, to meet growing demand for protection in ... Read the full article
Reinsurance pools, retro underpin terrorism risk resilience in a complex threat landscape: Guy Carpenter’s Gallagher
20th March 2026
Tony Gallagher, Regional CEO for Asia Pacific at Guy Carpenter, the global reinsurance broking business and part of Marsh, has set out a detailed case for the central role of reinsurance, retrocession and terrorism pools in supporting market capacity amid a rapidly shifting threat landscape. Speaking at the global forum for ... Read the full article
Terrorism insurance market remains robust amid shifting threat landscape: Marsh
19th March 2026
Despite an increasingly complex and evolving threat landscape, the terrorism insurance market remains stable and robust, according to Marsh’s recently-published 2026 Global Terrorism Risk Insurance Report. The report highlights that modern terrorism threats have evolved from hierarchical, property-focused assaults to dispersed networks employing diverse tactics, including cyberattacks, political violence, and emerging ... Read the full article
Prolonged Middle East tensions may heighten volatility in terrorism and political violence coverage
18th March 2026
While acknowledging that the re/insurance industry remains well-positioned to absorb moderate losses from terrorism and political violence due to strong capitalisation and diversified underwriting portfolios, Morningstar DBRS has warned that prolonged geopolitical and military tensions in the Middle East could increase underwriting volatility, tighten reinsurance terms, and prompt more selective ... 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
HIVE expands into Political Violence & Terrorism with Stuart Harmer appointment
2nd March 2026
HIVE Underwriters, an independent specialty MGA, has expanded into the Political Violence & Terrorism (PVT) insurance market with the hire of Stuart Harmer as Class Underwriter, PVT. The move marks a further step in HIVE’s evolution into a multi-class specialty MGA, strengthening its knowledge-led underwriting proposition. The expansion into PVT will be ... Read the full article
ARPC completes reduced $2bn terrorism retrocession program for 2026
16th February 2026
Australia’s terrorism reinsurance pool, administered by Australian Reinsurance Pool Corporation (ARPC), has purchased a reduced terrorism retrocession limit of $2 billion, with an increased deductible of $500 million, for the 2026 calendar year. ARPC explained that this reflects its current assessment of portfolio risk, prevailing reinsurance market conditions, and the protection ... Read the full article
Insurers to access Terrorism Reinsurance Pool as Bondi Beach attack declared a terrorism incident
16th December 2025
The Bondi Beach attack on December 14th has been declared a terrorism incident for insurance purposes under the Terrorism and Cyclone Insurance Act 2003 (TCI Act), activating the Terrorism Reinsurance Pool (TRP) as the Insurance Council of Australia (ICA) declares the attack a significant event. The declaration made by the Treasurer ... Read the full article
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