Change the Pool for good

It has already been a busy 2018 for Pool Re, with the government-backed terrorism reinsurance scheme unveiling details of its new business interruption protection as well as various regulatory and financial hurdles the operation has had to contend with. But, as Julian Enoizi, the chief executive of Pool Re, explained to Reactions, it is the utilisation of the insurance linked securities (ILS) market that has had the most impact. “The biggest reinsurance project for us is the ILS; our reinsurance programme for the standard property damage business interruption is now well-established, well-supported, and we’ve nudged it up every year as people get more comfortable with the risk, and we’re at £2.1bn,” explains Enoizi.

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