Insurers likely to benefit as Treasury looks to hike Pool Re fee
The government’s attempt to increase the fees it receives from Pool Re will provide substantial growth opportunities for independent insurers as buyers look for alternative cover, according to Lockton’s terrorism head.
Pool Re was established in 1993 to meet the commercial property claims of insurers arising from terrorist activity. Funds, which are built up via premiums, currently stand at £5.5bn.
The Treasury
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