Pandemic Reinsurance Solution Gains Wide Support from UK Re/Insurance Industry

UK insurance executives have taken another step toward developing a public-private risk-financing mechanism for future pandemics with the creation of work streams to take the idea from the drawing board to an operating company.

So-called “Pandemic Re,” which was first launched in April as a steering group, has now formed a project committee with six working groups, supported by more than 50 volunteers from leading insurance brokers, insurers and reinsurers, management consultants, data modelers, the medical profession and academia. A further 65 have volunteered their or their organization’s help.