POOL REINSURANCE COMPANY

• 65202 - Non-life reinsurance

We are a pool; the custodians of an emergency fund we have built over the past few decades by investing insurers' contributions in preparation for the unthinkable. This buffer, which currently stands at £6.5 billion, has allowed us to pay claims in excess of £1.25 billion (when adjusted for inflation) in relation to 17 terrorist events since our foundation without ever needing to call upon the unlimited HM Treasury loan facility which underpins our Scheme... We are the insurance industry's mutual for insuring terrorism risk in Great Britain. We were established in 1993 by the UK Government in response to the untenable losses and uncertainty caused by the Provisional IRA's devastating bombings in financial centres in London and Manchester during The Troubles. As a result of their attacks, insurance cover was withdrawn for commercial property, meaning that the economy, industry, and the taxpayer were highly vulnerable to future attacks... We provide terrorism insurance to insurers...

Also known as: POOL REINSURANCE COMPANY LIMITED, Pool Reinsurance Company LTD

Registration numbers: 02798901 (CH)

Primary location: London United Kingdom