In 1990s UK est Pool Re = insurance fund for terrorism. Gov provides backstop for an annual premium of £236m.

In 1990s UK est Pool Re = insurance fund for terrorism. Gov provides backstop for an annual premium of £236m. Due to downshift in size of bomb attacks, fund has accumulated £6bn in reserves, & paid out < £10m in claims in last 5 years. Model for COVID Re?
ft.com/content/b9fba2… https://t.co/oHHYdWEryG

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