Gov't-Backed Terror Reinsurer Launches Intelligence Unit
Law360, London (November 12, 2019, 2:13 PM GMT) -- The U.K.’s government-backed terrorism reinsurance fund launched a specialist division on Tuesday to provide intelligence that will help shape pricing for insurers.
The so-called Solutions division at Pool Re will provide data and analysis to insurers it works with to enable them to better inform underwriting, the reinsurer said.
The terrorist threat level was downgraded by the British government last week from "severe" to "substantial." But Pool Re has warned in a report, also released on Tuesday, about the rising threat posed by far-right groups.
“As the terrorism threat continues to change and become more complex, there has emerged a corresponding need...
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