Pool Re publishes latest monthly threat update

justice

Authored by Pool Re

This month’s monthly threat update includes:

  •  Individual Shot By Police During Arson Attack

On 17 May 2024, an individual who reportedly set fire to a synagogue was shot dead by police in Rouen, France. French authorities alleged that the individual was armed with a 25cm knife and threatened police with a metallic tool...

  • Three Individuals Charged for Firearms Plot Against Jewish Community

On 14 May 2024, three individuals were charged with terrorism offences following an alleged firearms plot targeting the Jewish community in the north-west of England...

  • 14-Year-Old Arrested for Terrorism Offence

On 22 May 2024, a 14-year-old was arrested in London following an investigation related to Extreme Right-Wing terrorist material. The teenager was arrested on suspicion of possessing information of a kind likely to be useful to a person committing or preparing an act of terrorism...

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About Pool Re

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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