1.1. The changing nature of international terrorism risk, as demonstrated in particular by the September 2001 attacks in the United States, translates into a tremendous and potentially lasting threat against which no country can claim to be protected. It calls for greater co-operation on an international scale. If loss prevention and mitigation perform a crucial function in terrorism risk management strategies, ensuring sustainable financial coverage of the terrorism risk1, if prevention were to fail, is a no less important policy issue to mitigate the potentially devastating impacts of future attacks and to facilitate recovery...