Pool Re reduces taxpayers’ exposure to UK terrorism risk
Pool Re has completed the placement of a new retrocession programme, shifting more of the financial risk arising from acts of terrorism away from taxpayers and back to the private market.
The programme provides £2.75m of aggregate excess of loss cover, £350m more than its previous £2.4bn programme did.
The cover is provided by more than 60 international reinsurers, with the placement
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