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min answer › date of answer	2014-10-27
answer › answer text	%3Cp%3EPool Re%E2%80%99s reserves stood at approximately %C2%A35.26 billion as at 31 December 2013. However, Pool Re is able to cover events that result in significantly greater claims than %C2%A35.26 billion due to its ability to increase premiums, call on additional funds from members, and call on an HMT guarantee to make funding available should those sources prove insufficient to meet its reinsurance liabilities.%3C/p%3E%3Cp%3E %3C/p%3E
answering dept id	14

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answering dept id

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uin

answer

is ministerial correction

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answering member constituency

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101324

registered interest

date

28/10/2014

answering body

HM Treasury

answering dept id

answering dept short name

Treasury

answering dept sort name

Treasury

hansard heading

Pool Reinsurance Company

house id

legislature

25259

	pref label	House of Commons

question text

To ask Mr Chancellor of the Exchequer, what recent assessment he has made of the adequacy of the Pool Reinsurance reserves in the event of a terrorist incident.

tabling member constituency

Ashford

tabling member printed

Damian Green

uin

212253

answer

is ministerial correction

date of answer

03/11/2014

answer text

<p>Pool Re’s reserves stood at approximately £5.26 billion as at 31 December 2013. However, Pool Re is able to cover events that result in significantly greater claims than £5.26 billion due to its ability to increase premiums, call on additional funds from members, and call on an HMT guarantee to make funding available should those sources prove insufficient to meet its reinsurance liabilities.</p><p> </p>

answering member constituency

South Northamptonshire

answering member printed

Andrea Leadsom

question first answered

03/11/2014 15:03:03

answering member

4117

	label	Biography information for Andrea Leadsom

tabling member

76

	label	Biography information for Damian Green