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.
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
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
Deterministic models key for reinsurers to secure better-informed terror strategies: Lockton Re & Blackthorn
13th November 2025
The stability and predictability that have defined terrorism insurance for decades is challenged by a rapidly changing threat landscape, calling into question the validity of long-standing assumptions around terrorism events that underpin scenario modelling and pricing strategies. This assessment comes from a new report, ‘Beyond the Blast: Capital Management of Tomorrow’s ... Read the full article
Markel appoints Clarice Francis as Operations Manager for War & Terrorism
30th September 2025
Markel Insurance, the insurance division of Markel Group Inc., has announced the appointment of Clarice Francis as Operations Manager for War and Terrorism. In this role, Francis will focus on enhancing operational efficiency within the International War and Terrorism team, working closely with management, claims, actuarial, and product development departments to ... Read the full article
Optio Group launches enhanced political violence and terrorism coverage
2nd June 2025
Optio Group (Optio), an independent specialty managing general agent (MGA), has announced the successful rollout of its new political violence and terrorism (PVT) binders. The product offers a coverage limit of USD 150 million, designed to safeguard businesses and organisations against a wide range of physical and financial risks. An optional ... 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
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