Pool Re - The industry's response
In 1993 the insurance industry in conjunction with the UK government set up Pool Re (Pool Reinsurance). Pool Re is what is known as a mutual reinsurer made up of both insurance providers and Lloyd's Syndicates. They offer commercial customers insurance that covers any losses that are a direct result of terrorist acts, no matter how big or small the claim. Just like any other type of insurance, customers pay an initial excess fee, but the remainder of the claim is covered by Pool Re, and underwritten by the Treasury.
At Park Insurance, we recognise just how worrying the thought of a terrorist act can be, especially for those living in 'high-risk' target areas such as the centre of major cities or near strategically important sites. So we work with you to not only reassure you, but to provide you with the right Terrorism insurance cover for your needs that is both proportional to the level of risk, and affordable for you, the customer.
To find out more about Terrorism cover, contact our friendly team today or email us using the contact form, and one of our expert advisers will get back to you.