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U.K. Terror Insurer Says New Threats Create Gaps in Coverage

Pool Re exec cites threats such as cybercrime and lone-wolf militants.

By Oliver Suess, Bloomberg | Updated on July 26, 2017

Insurance against terror attacks must adapt to face up to the threats posed by so-called lone-wolf militants and the rise of cybercrime.

That’s the view of Julian Enoizi of Pool Reinsurance Co., the U.K. government-linked body that backstops insurers against terror-related payouts. The spate of recent attacks in the nation’s capital and the suicide bombing of a Manchester pop concert in May highlighted shortcomings in coverage that need to be addressed, he said.

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