UK secures £2.75bn terrorism cover for businesses in 2026
Pool Re has finalised its 2026 retrocession programme, securing £2.75 billion in terrorism risk cover. The scheme ensures British businesses can access affordable and wide-ranging protection against terrorist threats. This year's placement matches the scale of 2025 but introduces new coverage options.
The programme transfers terrorism risk from the public sector to private reinsurers. It now includes protection for property damage caused by chemical, biological, radiological, and nuclear attacks. Coverage also extends to losses from remote digital interference, reflecting modern threats.
For 2026, Pool Re has added non-damage business interruption cover, capped at £25 million. The placement involved 65 international reinsurance firms, maintaining the same capacity as last year's renewal.
The scheme remains focused on keeping terrorism insurance accessible for businesses across Great Britain. By shifting risk to the private market, it aims to stabilise premiums and broaden protection.
The £2.75 billion programme will support businesses in recovering from terrorist incidents. Expanded coverage now addresses both physical damage and financial losses from non-damage disruptions. The unchanged size of the placement suggests steady confidence in the market's ability to manage terrorism risks.
