Pool Re seeks to extend cover, include business interruption due to terror attacks

U.K.-based Pool Reinsurance Co. Ltd. is in talks with the country's government to extend cover to businesses that suffer indirectly from a terror attack, such supply chain or business disruptions, Investing.com reported citing Reuters. The extension of coverage, through reinsuring business interruption insurance, requires a change in U.K. law, the reinsurer said. Small and medium-sized enterprises can be affected for up to nine months by a terror attack or by concern about security, and suffer losses of up to 30% of annual revenue, Pool Re added.

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