Pool Re and Terrorism

The Insurance Institute of Sussex invites you to join fellow members and guests at Clair Hall on Tuesday 11 April, when Steve Coates, Chief Underwriting Officer at Pool Re will be talking to us about the role that Pool Re plays in providing terrorism cover to the commercial insurance market.

Pool Re was established in 1993 as a response to the market failure that was triggered by the bombing of the Baltic Exchange. Today, it underwrites over £2 trillion of exposure in commercial property to terrorism risk across the UK mainland and has paid out over £600 million at no cost to the UK taxpayer.

During this free one-hour CPD seminar, Steve will explain the dynamic nature of the terrorist threat, the products that are available to provide appropriate insurance cover and how these might need to adapt to cover the emerging aspects of the terrorism threat.

He will also address how Pool Re has adapted to recent global events and the changing risk highlighted by these, understanding the nature of the risk and making sure this is reflected in their proposition.

Online Booking
If you would like to join us at this event, please use our online booking system by clicking on the Book Now button below.

Light refreshments (tea/coffee/juice and biscuits) will be available from 5.30pm onwards and the seminar will start promptly at 6.00pm.

Learning Objectives
By the end of this seminar, delegates will understand:

• the key aspects of the Pool Re scheme
• how the threat of terrorism in the UK has changed over time and will continue to do so
• why supported mechanisms continue to be necessary for terrorism around the world
• how global events illustrate the dynamic nature of the risk
• how terrorism can be underwritten
• why businesses should buy terrorism cover and the choices they face