Ep198 Tom Clementi Pool Re: Taking risk off the State

Today’s guest is Tom Clementi, CEO of UK Government-backed
terrorism reinsurer, Pool Re.


Now over thirty years old, Pool Re has been through a lot of
recent changes that have reflected its growing maturity.


It has been classified as a Central Government Organisation by
the Office for National Statistics and the UK Cabinet Office
designated it as an Arm’s Length Body of the UK Treasury.


To add to that formalisation, which reflects its public role and
unlimited State guarantee, Pool Re is moving from its tariff-led
facultative reinsurance structure to a more sophisticated treaty
relationship with its members.


Add to this the heightened sense of geopolitical risk in the
world in 2024 and new UK legislation around safeguarding against
the terror threat and Tom and I have lot to talk about.


This is a really lively discussion that covers the state of the
global terrorism market, a frank assessment of the UK’s terror
threat and Pool Re’s continued role in making and growing a
private market well-funded enough to relieve pressure on the
strained public purse.


Tom’s a great guest and his insights will give anyone wondering
how successful public-private partnerships can be fostered a lot
of excellent pointers. NOTES: We mentioned the UK Cyber
Monitoring Centre. The recent Episode with James Burns has all
the details: 
https://thevoiceofinsurance.podbean.com/e/ep192-james-burns-cfc-classifying-cyber/


LINKS: We thank our naming sponsor AdvantageGo:
https://www.advantagego.com/ We also thank our audio
advertiser, Aventum Group Please contact them
on: voi@aventumgroup.com