Pool Re invites input on future strategy

Pool Re is offering members and other stakeholders an opportunity to put forward their views on the future scope of the terrorism pool's activities and operating model.

In a strategy paper published today, Britain’s terrorism reinsurer lays out a series of proposals for reform, aimed at balancing the share of risk between the taxpayer and the commercial market, and enabling members to retain more risk themselves.

Guaranteeing Great Britain: Managing Terrorism Risk & Building Resilience examines the innovations and the development of Pool Re since the last review in 2014, as well as taking a look forward to the next five years. Its publication coincides with the recent announcement of its latest five year review of Pool Re, which will include discussion around elements of the mutual’s proposed strategic direction.

Julian Enoizi, chief executive officer of Pool Re, said: “Nearly three decades on from the founding of Pool Re, our industry continues to rise to meet the challenges of the evolving terrorism threat. That we do so is premised more strongly than ever on the principles of collective ownership, and combined endeavour. That is why we have launched this paper ahead of the Treasury’s call for evidence later this autumn, as it is vital for the insurance industry to contribute to the review and to collaboratively influence the future direction of Pool Re.”

The strategy paper may be viewed here: https://www.poolre.co.uk/wp-content/uploads/2020/09/COH_J012852-PoolRe-White-Paper-web.pdf

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