Pool Reinsurance Company

What Pool Reinsurance Company does

Pool Reinsurance Company Limited is a UK mutual reinsurer, founded in 1993 in response to terrorism exclusions following the 1992 IRA Baltic Exchange bombing, and authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and PRA. It operates as Britain's sole statutory terrorism reinsurer, providing treaty-based reinsurance coverage to over 100 member insurance companies — including AIG, Allianz, Aviva, AXA, Zurich, Chubb, Swiss Re, QBE, and Lloyd's syndicates — who on-sell terrorism cover to UK commercial property owners. Pool Re protects over £2.3 trillion of UK commercial property, maintains a £7.4bn fund for certified claims backed by an HM Treasury guarantee, and holds £2.75bn of retrocession purchased from private sector reinsurers, supplemented by £200m of multi-year Insurance Linked Securities capacity.

The company's core products are terrorism reinsurance, specialist risk management services, and threat intelligence, the last delivered through a dedicated in-house Threat Analysis team producing monthly updates, annual reports, and the TERRA by Pool Re risk management platform. Members access coverage through the Fortress underwriting and claims system and a dedicated Member Portal. In April 2026 (pending final ratification), Pool Re launched the SME Incentive Scheme, offering reinsurance pricing discounts and wording accommodations to members who embed terrorism cover as standard in SME commercial property products, targeting the estimated 95% of UK SMEs currently without terrorism protection.

Pool Re generates revenue through reinsurance premiums paid by member insurers and investment income on its £7.4bn reserve fund, both recurring in nature. It serves a B2B member base exclusively within Great Britain, distributing exclusively through treaty agreements with insurance carriers and, via those members, reaching commercial property owners of all sizes. The company is structured as a private mutual, has no parent company, and operates two wholly-owned subsidiaries: Pool Re Services Limited and Pool Re Solutions Limited.

Name

Pool Reinsurance Company

Legal name

Pool Reinsurance Company Limited

Website

https://poolre.co.uk

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

11–50 employees

Short description

Pool Reinsurance Company is Britain's sole statutory terrorism reinsurer, providing treaty-based reinsurance and threat intelligence to over 100 member insurers that cover UK commercial property, with HM Treasury backing and a £7.4bn claims fund.

Ownership category

akta.pro rank

Product category

Terrorism Reinsurance

NAICS

Reinsurance Carriers (524130), Insurance Carriers and Related Activities (524)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Man-Made / Terrorism Catastrophe Reinsurance (FSAOACAE)

akta.pro secondary industry

Terrorism & Political Violence Reinsurance (FSAOADAK)

Keywords

• Terrorism reinsurance
• Reinsurance services
• Risk management
• Threat analysis
• Commercial property insurance

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Terrorism Reinsurance Premiums: Pool Re collects reinsurance premiums from member insurance companies in exchange for terrorism reinsurance coverage. The scheme provides financial protection against terrorism risks to UK commercial property.
2. Investment Income: Pool Re maintains a fund of £7.4bn (as of 31 March 2026) for certified terrorism claims, generating investment returns on collected premiums.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels7 records

Core offering

Pool Reinsurance Company operates as Britain's largest terrorism reinsurer, providing terrorism reinsurance coverage to member insurance companies for UK commercial property. The scheme protects over £2.3 trillion of assets through treaty reinsurance agreements with member insurers, backed by HM Treasury. Pool Re also offers specialist terrorism risk management support, threat analysis intelligence, and the TERRA risk management tool, with distribution to UK SMEs via the SME Incentive Scheme through member insurers.

Product overview

Pool Reinsurance Company operates as Britain's largest terrorism reinsurer offering a unified terrorism reinsurance protection platform. The core product is terrorism reinsurance protecting over £2 trillion of UK commercial property assets, supported by complementary services including Risk Management, Threat Analysis (providing terrorism risk intelligence and publications), and the specialist tool TERRA by Pool Re. The company recently launched the SME Incentive Scheme (effective April 2026 pending HM Treasury approval) which provides reinsurance pricing incentives to Members who embed terrorism cover in SME insurance products. Members access services through the Member Portal and Fortress underwriting/claims platform.

Differentiator

Problem solved

Functional benefit

Brands

• TERRA by Pool Re: Specialist terrorism risk management support and information platform provided by Pool Re's risk management team.

Products and services

• Terrorism Reinsurance Core terrorism reinsurance product providing financial protection against terrorism risk, protecting over £2.3 trillion of UK commercial property assets and businesses across all sectors. Delivered through treaty reinsurance agreements with member insurance companies.
• Risk Management

Quantifiable outcome

• £2.3 trillion of UK commercial property protected
• +2 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Extremus AG: German terrorism insurance pool providing statutory-backed terrorism coverage to German commercial property insurers. Closest structural and product analogue to Pool Re outside the UK.
• TRIP (Terrorism Reinsurance and Insurance Pool): Belgian terrorism reinsurance pool providing pooled coverage for terrorism risks to Belgian insurers. Direct functional peer with the same mutual/pool architecture and single-peril focus.
• Nederlandse Herverzekeringsmaatschappij voor Terrorismeschaden (NHT): Dutch terrorism insurance pool providing terrorism reinsurance coverage to Dutch insurers under a similar mutual/backed structure. Most direct comparable to Pool Re in terms of statutory architecture and product.
• Consorcio de Compensación de Seguros (CCS): Spanish state-backed insurance entity providing extraordinary risks coverage including terrorism. Comparable as a national catastrophe pool operating with government backing and a public-law mandate.
• GAREAT: French terrorism reinsurance pool operating with a similar statutory/mutual structure to Pool Re, providing terrorism coverage to French commercial property insurers. The most direct structural peer — same product, similar mutual/backed model in a different geography.

Broad incumbents

• Hannover Re: Major global reinsurer with significant catastrophe and specialty lines exposure, including terrorism. Provides retrocession capacity and competes with Pool Re for specialty reinsurance programmes.
• Lloyd's of London: Specialty insurance and reinsurance market whose syndicates are major Pool Re members. Comparable as a competing distribution venue for terrorism and specialty risk and an alternative placement for cedents.
• Munich Re: One of the world's largest reinsurers with a dedicated terrorism and political violence line. Provides alternative global retrocession capacity to UK terrorism pools and competes for specialty reinsurance business in overlapping lines.
• Swiss Re: Leading global reinsurer writing terrorism and political violence coverage and acting as retrocession counterparty to Pool Re. Operates broadly across P&C and specialty lines with comparable terrorism risk modelling capability.
• Scor SE: Global reinsurer writing specialty and terrorism lines. Comparable as a competing retrocession provider and specialty reinsurance carrier with similar treaty structures to those Pool Re uses with members.

Market position

Strengths1 record

Competitive moat5 records

Key highlights7 records

Customer concentration

• Xx.com/PoolReinsurance
• LinkedInlinkedin.com/company/pool-re

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pool Reinsurance Company