New Pool Re deal accepted unanimously

Pool Re members have voted unanimously in favour of proposed
modernising amendments to the UK terrorism insurer at an
extraordinary general meeting (EGM) held today (21 November).
Adjustments to the agreement include permission from the UK
Treasury to purchase retrocessional capacity from the private
market, with a view to having cover in place on 1 March 2015.
Pool Re will also be able to make pricing amendments to ensure
rates are risk-reflective, and offer simpler terrorism products to
small