The market values increased again on 8 July as it became clear that the damage caused by the bombings was not as great as thought initially. By end of trading the market had recovered fully to above its level at start of trading on 7 July. Insurers in the UK tend to reinsure their terrorist liabilities in excess of the first £75,000,000 with Pool Re, a mutual insurer established by the government with major insurers. Pool Re has substantial reserves and newspaper reports indicated that claims would easily be funded.