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Pool Re to be subject of government review

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Published on: 03 September 2020

Published by LNB News

LNB News 03/09/2020

Document Information

Issue Date: 03 September 2020

Published Date: 03 September 2020

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

Following the Office for National Statistics' classification of Pool Re as a central government subsector, the government will undertake an assessment to ensure that Pool Re is meeting requirements to operate effectively. The review will be with close engagement with Pool Re, stakeholders and the (re)insurance sector, and it will focus on Pool Re’s role as a reinsurer of terrorism risk and to ensure that the UK public benefits from the scheme. The review will include a public call for evidence in late 2020 and there will be a further review in 2025.

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