Pool Re
Panel cautions against easy parallels between terrorism and pandemic pools
Panellists speaking at an industry forum on Wednesday cautioned that insurance pools set up to provide cover for terrorism risks may not be the best templates on which to build pools that deal with pandemic risk.
Pool Re urges insurers to support a 'vibrant' terrorism insurance market
Pool Re has published a forward-looking strategy looking at increasing the take up of catastrophe insurance by SMEs in light of current pandemic, ahead of its five-year review.
AIG’s Anthony Baldwin steps up as IIL president
Anthony Baldwin, CEO of AIG UK has been elected as president of the Insurance Institute of London for 2020 to 2021.
Industry must look at risks beyond pandemic in tackling non-damage BI challenge
Work to create a vehicle for dealing with catastrophic and systemic risks in the wake of the coronavirus pandemic must take into account the full spectrum of risks capable of causing comparable levels of disruption, prominent industry figures said on…
Analysis: Local lockdowns - the insurance impact
After relaxing the national lockdown, the government imposed local restrictions to control the spread of the Covid-19 virus. Post investigates what implications these local lockdowns have for insurance.
Government launches review of Pool Re
HM Treasury is embarking on a five year review of Pool Re, it was announced today.
Blog: Learning lessons from Covid-19
The Covid-19 crisis is unprecedented in the modern era and it is at such times that we tend to take stock and think differently about the world. Alex Kirykowicz, manager at Frontier Economics, reflects on the role that insurance markets have played and…
Former Home Secretary to head Pandemic Re working group
Amber Rudd, former Home Secretary, will lead one of six working groups set up by the Pandemic Re steering group.
This week: More questions than answers
This week started out with more questions than answers as Prime Minister Boris Johnson announced his plans to 'actively encourage' those who hadn't been able to go to work through the lockdown back into the workplace albeit with some heavy caveats.
Interview: Pool Re CEO Julian Enoizi
Pool Re boss Julian Enoizi spoke to Post senior reporter Emmanuel Kenning about Pandemic Re, the Office for National Statistics change in the terrorism reinsurer’s classification and using its funds to pay for business interruption claims in the…
Enoizi counsels against using Pool Re to pay for coronavirus BI claims
Using Pool Re’s £6.6bn fund to pay coronavirus business interruption claims would not be the greatest idea, CEO Julian Enoizi told Post as part of an exclusive interview.
Insurance Monitor: On the back foot on business interruption
In this month's column, David Worsfold, a long-running commentator on the insurance market, explains why he fears the sector got off on the back foot on its business interruption coronavirus response, what Pandemic Re might look like and what impact the…
Broker calls on Chancellor to release Pool Re funds to break insurer BI deadlock
Leisure and hospitality broker NDML and the The Night Time Industries Association have penned an open letter to Chancellor Rishi Sunak MP calling for the release of insurer funds worth £6.6bn held in the Pool Re terrorism fund.
ABI's Huw Evans talks Pandemic Re possibilities
Market discussions around Pandemic Re options are crucial and serve a "noble purpose", Huw Evans director general of the Association of British Insurers told Post, as he confirmed the trade body is in discussion with Lloyd's and anticipates an invitation…
Analysis: Constructing Pandemic Re
The insurance industry stands ready to participate in the creation of a Pandemic Re vehicle but opinions differ on how it would work.
This week: The gathering of the clouds
As insurers are fond of saying, every claim is an opportunity to show their customers the value of what they get for forking out their premiums.
Aviva, RSA and Aon bosses among insurance leaders launching Pandemic Re steering group
Insurance heavyweights from across the market have come together to launch a steering group to improve the industry’s response to future pandemics.
Brightside's Brendan McCafferty on how the insurance industry is adjusting in the time of coronavirus
The insurance industry is going through a difficult time, like many sectors, in full view of the court of public opinion says Brendan McCafferty CEO at Brightside.
Q&A: Julian Enoizi, Pool Re
Julian Enoizi, CEO of Pool Re, discusses coronavirus, the reclassification of Pool Re, tapping the ILS market again and moving to a treaty basis to help increase SME take-up of terrorism cover. He also responds to press speculation about ‘Pandemic Re’…
180 years of Post: War and terrorism
As Post celebrates 180 years, we delve into the magazine’s archives and look at the impact war and terrorism had on the insurance industry in the 19th and 20th centuries
Blog: Whither next or wither next for Pool Re?
Post senior reporter Emmanuel Kenning asks if Pool Re is facing an existential crisis after the Office for National Statistics’ judgement that the mutual reinsurer should become part of the government.
Pool Re development a 'massive change': Biba
Graeme Trudgill, executive director at the British Insurance Brokers’ Association, has pledged to support Pool Re during consultations about the future of the mutual reinsurer.
ABI flags 'potentially serious implications' as Pool Re classified part of government
The Office for National Statistics has judged that Pool Re should be classified as part of the central government subsector in a surprise move that has raised questions about the future of the mutual reinsurer.
Pool Re broadens SME business interruption coverage
Pool Re has expanded its definition of SMEs to include firms with assets up to £5m, increasing the number eligible for its business interruption cover at no extra cost.