Pool Re launches fresh new brand and user-friendly website
Authored by Pool Re
We have a refreshed brand and an exciting new website!
We are excited to announce the launch of not only our fresh new brand, but also our new and user-friendly website.
We’ve changed a lot since we were founded in 1993, grown as an organisation, developed our proposition, and enhanced our expertise to now also include Pool Re Solutions, our new in-house risk division.
As we look to the future, we are aware that the terrorism landscape is always evolving. To that end we hope to continue to grow and evolve ourselves, and the new website and image hopefully reflects our dedication to be the UK’s leading terrorism risk reinsurer.
As you will see our website, which, apart from having a clean and colourful new look, is now much more focused on explaining how our core business operates, and how Solutions can support you and your policyholders to better understand and mitigate against terrorism risk.
The aim of the web launch is to make sure you understand more about who we are, what drives us, and how we can support you.
Moving forward, we will continue adding material to our website, particularly our Media, Downloads and Risk Resources sections where we will share a library of reports, information and analysis on a regular basis.
Pool Re’s purpose is to enable the UK insurance market to offer terrorism cover to any commercial property that requires it. Central to this is the integration of Pool Re’s cover with the underlying property policy which ensures that there is no gap in the cover provided.
Pool Re was designed to insulate the taxpayer from potential financial losses arising from acts of terrorism. It has achieved this effectively, to date paying £635m in respect of 13 claims arising from certified terrorism events in the UK since our establishment. It has never called on the Government’s guarantee.
By providing foundational stability at a reinsurance level, Pool Re has created an environment for the commercial market to re-establish itself, following the market failure in 1992. This stability creates and sustains access, liquidity and confidence to generate the conditions for the private market to gradually write a growing portion of terrorism risk.
Helping UK businesses build resilience against terrorism risk is a priority for Pool Re who have developed SOLUTIONS an in-house centre of excellence created to support Members and policyholders better understand risk awareness, modelling, and management. They have also invested in a range of initiatives with Government security and intelligence agencies to provide tools such as an information sharing platform.
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