Pool Re and Terrorism Cover - a dynamic risk

Steve will cover why the Pool Re scheme still exists and how it is changing to meet the modern threat.

He will explain how to go about underwriting a risk that can’t be approached in a conventional manner and how this differs from other low probability, high severity events. The event will also cover how terrorism might further develop in the future and how Pool Re is responding to the changing nature of the threat.

Learning objectives

At the end of this event, the delegate will be able to identify:

1. why Pool Re exists
2. the current threat
3. how terrorism differs from other catastrophe perils
4. how we underwrite terrorism
5. how terrorism might develop as a class in the future.
6. how the scheme is addressing modern terrorism threats such as cyber terrorism.

Speaker biography

Steve Coates is Chief Underwriting Officer for Pool Re and has been in post since 2012. He is responsible for all aspects of Underwriting, Claims, modelling, exposure management and external retrocession. Prior to this he was Head of UK Property & Casualty at Allianz where he spent 11 years including one in Australia. Before this he worked at Independent Insurance where he ended up as UK Property U/W Manager. He started his career at Eagle Star. Steve is ACII qualified and an expert witness in insurance matters.