U.K. Insurers Told to Adapt to Lone-Wolf Terrorism
- Pool Reinsurance was formed in 1993 in response to IRA attacks
- Cyber attacks, loss of business should now be included: CEO
Counter terrorism officers following the London Bridge terrorist attack on June 4.
Photographer: Dan Kitwood/Getty ImagesThis article is for subscribers only.
Insurance against terror attacks must adapt to face up to the threats posed by so-called lone-wolf militants and the rise of cyber crime.
That’s the view of Julian Enoizi of Pool Reinsurance Co., the U.K. government-linked body that backstops insurers against terror-related payouts. The spate of recent attacks in the nation’s capital and the suicide bombing of a Manchester pop concert in May highlighted shortcomings in coverage that need to be addressed, he said.