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Pool Re launches International Forum of Terrorism Risk Reinsurance Pools

Source: Asia Insurance Review | Nov 2016

Pool Re, the state-backed UK reinsurer that covers terrorism related commercial property losses, has launched the International Forum of Terrorism Risk Reinsurance Pools (IFTRIP). The initiative is aimed at fostering closer ties and allowing for greater collaboration between the world’s terrorism reinsurance entities.
   “The launch of the International Forum of Terrorism Risk Re/Insurance Pools represents the culmination of nearly two years of work from both the Pool Re team and our colleagues from pools across the world,” said Mr Julian Enoizi, Chief Executive of Pool Re.
   The formation of the IFTRIP began at the inaugural congress for National Terrorism Reinsurance Pools Congress in 2015. Further, a charter formalising the launch of IFTRIP was signed at the 2nd Annual Global Terrorism Risk Insurance Congress, hosted by the ARPC in Canberra, with delegates from eight terrorism pools committing the support to the organisation and the initiative.
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