Pool Re to host its first bioterrorism reinsurance conference
Pool Re, Britain’s leading terrorism reinsurer, today announces its inaugural BioTerrorism Livestream Conference, to be held on 24-25 March 2021. This livestream event will be the first bioterrorism (re)insurance conference in the industry, examining the threats posed by the malicious use of biological pathogens from the perspectives of policymakers, scientists, counter terrorism specialists, and (re)insurance experts.
Pool Re and the Biosecurity Research Initiative team at the University of Cambridge will be co-hosting the two-day virtual conference, which will explore the likelihood of the emerging threats from bioterrorism and the lessons that can be learnt from the COVID-19 pandemic. A panel of experts will also share their experience and responses to the potential challenges of bioterrorism and the risk planning for organisations and the overall reinsurance community. Keynote speakers include:
- Alistair Darling (former Chancellor of the Exchequer)
- The Rt Hon Amber Rudd (former Home Secretary, Secretary of State for Work and Pensions, Minister for Women and Equalities)
- Lord Mark Sedwill (former National Security Advisor and Cabinet Secretary)
- Lord Des Browne (Lord Browne of Ladyton, former Defence Secretary and visiting Researcher at the Centre for the Study of Existential Risk at Cambridge University)
- Bruce Carnegie-Brown (Chairman of Lloyd’s)
- Hamish De Bretton Gordon OBE (Director at DBG Defence)
- Dr Karin Von Hippel (Director General of the Royal United Services Institute)
- Julian Enoizi (CEO of Pool Re)
For further information and to request to attend the conference CLICK HERE
Authored by 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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