Pool Re retention increased to £135mn

UK state-backed terrorism reinsurer Pool Re will increase its
members' retention from £100mn to £135mn at 1
January, the carrier announced this morning (20 November).
The new higher retention will be capped at an annual aggregate
of £270mn in any one year.
Pool Re said the move would increase the scheme's resilience
and move the UK government and taxpayers further away from
potential liability. The previous retention had been in place since
2006.
Pool Re chief underwriting offi