Pool Re cleared to add cyber cover

State-backed terrorism reinsurer Pool Re has gained the UK
government's backing in principle to remove a cyber exclusion
from its coverage and expects to offer protection for cyber events
from 1 April next year.
Pool Re CEO Julian Enoizi said removing the exclusion would mean
that cover for physical damage caused by remote digital
interference by terrorists would be available to the scheme's
members.
The development is the culmination of two years of work and
marks the first major change...