The inaugural National Terrorism Reinsurance Pools Congress was organised by Pool Re and held in London during October 2015. It provided, amongst other things, an illustration of what might be achieved by individual national terrorism pools/schemes cooperating more closely. The final discussion session at the Congress considered a number of options for increased collaboration, including the creation of formalised arrangement, and one element of this was for the Congress to become an annual event.
In an effort to foster closer ties and greater collaboration between the world’s terrorism reinsurance entities, the International Forum of Terrorism Risk (Re)Insurance Pools (IFTRIP) has now been established after endorsement at the ARPC congress in October 2016. Francois Vilnet, vice president of GAREAT, has assumed the role of inaugural president of IFTRIP.