The Pool Reinsurance Company Limited, also known as Pool Re, is a mutual insurer set up by the British government with leading insurers. Pool Re has substantial reserves, and in addition HM Treasury acts as the reinsurer of last resort for Pool Re.
Insurers in the UK can reinsure with Pool Re. their liabilities for terrorism claims in excess of their self insured retention. The self insured retention, i.e. the amount each insurer will pay from its own funds, varies between insurers depending on the size of their terrorism insurance portfolios.
- Thomann, Christian, ed. (2004). "3. Definitions of terrorism". War, terrorism and insurance in Europe after September 11, 2001. Verlag Versicherungswirtsch. pp. 36–41. ISBN 3-89952-161-7.
- OECD (2005). "4.3.7 United Kingdom". Terrorism risk insurance in OECD countries(Volume 9 of Policy issues in insurance) (illustrated ed.). OECD Publishing. pp. 255–260. ISBN 92-64-00872-1.
- Pool Re website
- HM Treasury: Pool reinsurance arrangements: technical notice to industry
- Office of Fair Trading: Competition Act exemption for terrorism reinsurance by Pool Re
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