Pool Re increases coverage in anticipation of more terror attacks
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Pool Reinsurance Co. Ltd., the U.K. government-backed terrorism reinsurance backstop, predicted that terror attacks on crowded places linked to the transport sector, the military, police and politicians are likely to increase this year, City A.M. reported. With more terrorism expected, Pool Ree announced last year that it would extend its cover for material damage and direct business interruption caused by acts of terrorism following a cyber attack trigger.
