Terrorism Insurance & Pool Re. Pool Re is a scheme set up by government and the insurance industry to provide substantial levels of cover against losses caused by terrorism related activity.Jump to full report >>
This note explains how the Pool Re scheme - a mutualised scheme of insurance where the government provides backstop catastrophe cover - works for obtaining buildings insurance against terrorism related losses. Owners of buildings may choose to purchase this type of insurance, but it also is sometimes required by landlords. Tenants and leaseholders of commercial premises and blocks of flats may find themselves obliged to take out cover.
The scheme has adapted as the terrorist threat has changed and is now extended to cover against acts of cyber terrorism. It is due to be extended further by the Counter Terrorism Bill introduced in 2018.