Behind the Headlines: Pool Re’s Tom Clementi on the ever-evolving terrorism threat

Government-backed terrorism reinsurer Pool Re was established in 1993 to respond to commercial market failure caused by the IRA’s bombing campaign.Since then, the terror threat landscape has changed hugely, and Pool Re has evolved with it. Approaching its next strategic review with the Treasury, what are the top priorities for the organisation?CEO Tom Clementi tells Behind the Headlines that Pool Re will continue to push for more business to return to the private market, reducing exposure for the taxpayer.And with insurance penetration still low for smaller firms, Pool Re is aiming to incentivise insurers to improve terrorism coverage for SMEs.Meanwhile, in an editorial discussion Insurance Insider’s Fiona Robertson explains Allianz’s growth aspirations in Lloyd’s.