Pool Re will resolve claims from Manchester attack "as quickly as possible"

Pool Re, the mutual reinsurer that provides terrorism cover for commercial property in the UK, has stated that it will work with its members to resolves any claims that result from the suicide bombing last night in the UK city of Manchester.

The terrorist targeted Manchester Arena where US singer Ariana Grande was performing.

A homemade bomb was detonated in the foyer at 22:30 BST, killing 22 people and leaving 59 injured, according to the BBC.

"Our thoughts are with all those affected by last night’s horrific attack in Manchester," Pool Re said in a statement.

"Pool Re will work with its Members in resolving any claim arising from the attack as quickly as possible.”

The UK government-backed reinsurer said that it will make a further statement when more information becomes available.

Pool Re has previously stated that insurers need to be aware of the possibilities of the various forms of attack.

While small-scale non-firearm attacks in public places are more likely, the more widespread and lethal attacks (explosives, dirty bombs, biological weapons), are still very much possible.

Intelligent Insurer previously spoke to Pool Re about the severity of a 'dirty bomb', one that uses radiological materials such as Caesium-137, a widely available material in blood irradiators in hospitals.

Today’s stories

Liberty planning European subsidiary in Brexit move

Former TMK team launches marine division at MGA Globe Underwriting

Lockton hires trio to expand regional footprint

XL Catlin appoints Zurich exec to lead North America unit

Enstar Group CFO to step down; replacement named

JLT Specialty appoints SVP to build new insurance division in New York

Berkley Insurance Company makes executive appointments

Did you enjoy reading this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.