Hm Treasury
February 10
10:44
2025
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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 Treasurys 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.