Letter from HM Treasury to Pool Reinsurance Limited

This letter provides an update regarding elements of HMT interpretation when certifying incidents under the Reinsurance (Acts of Terrorism) 1993 Act.

From:

HM Treasury

Published

20 August 2025

Documents

Letter from HM Treasury to Pool Reinsurance Limited

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Letter from HM Treasury to Pool Reinsurance Limited

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Details

Under the Retrocession Agreement between HMT and Pool Re, made pursuant to the Reinsurance (Acts of Terrorism) Act 1993, HMT has a role in certifying whether a particular incident falls within the definition of an ‘act of terrorism' contained in the Act, and hence whether the incident would be covered by Pool Re. This letter provides an update to a 2004 letter, issued by HMT, regarding general principles of HMT interpretation in applying the relevant definition of terrorism.