Policy paper

2025 Retrocession Agreement between HM Treasury and Pool Re

2025 Retrocession Agreement between HM Treasury and Pool Re, outlining the commercial terms and operation of the scheme from 1 April 2025

• From: HM Treasury
• Published: 10 February 2025

Documents

HMT Pool Re Retrocession Agreement 2025

PDF, 2.33 MB, 138 pages

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Details

The Retrocession Agreement sets out the contractual terms between the Pool Re and HM Treasury. This agreement comes into force on 1 April 2025, implementing changes agreed as part of HM Treasury’s 2022 strategic review of the Pool Re scheme. These changes will provide the opportunity for more of the financial risk arising from terrorism to be returned to the private market, while ensuring businesses are still able to access affordable terrorism insurance.

Published 10 February 2025