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Pool Re targets SME return to terrorism cover Pool Re has signalled a major push to bring small and medium-sized enterprises (SMEs) back into the terrorism insurance market, arguing that they remain critically under-insured more than three decades after the government-backed reinsurer was established. Speaking at the terrorism reinsurer’s annual market event in London, chief executive, Tom Clementi, said only around 5% of UK SMEs currently purchase terrorism cover, despite Pool Re’s original 1993 mandate to make such protection affordable and accessible to all businesses. He said the modernised treaty structure introduced in April has finally created the conditions to change that, allowing Pool Re to offer significant reinsurance discounts to members who reintegrate terrorism cover into SME property products as standard.