Pool Re set to become part of the government
Pool Re to operate as it currently does until 31 March 2021, while a range of options are considered.
The Office for National Statistics (ONS) has judged that Pool Re should be classified to the central government sector.
The terrorism reinsurer stated that the chief secretary to HM Treasury (HMT) has granted a derogation until 31 March 2021, which will enable Pool Re to operate as it currently does while HMT engages with Pool Re and its member insurers about a range of options.
According to Pool Re, the classification by the ONS does not have any direct implications in areas such as ownership
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