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Netherlands terrorism pool could look to cat bonds for reinsurance

The terrorism reinsurance pool for the Netherlands has been watching the issuance of the first pure terror risk catastrophe bond with interest and says that it wouldn't rule out looking to the capital markets for its retrocession.Managed as part of the government backed Vereende, a specialist insurer that takes on read the full article →

Cat bond is the next step in Pool Re’s journey: CEO, Julian Enoizi

The issuance of the world’s first terrorism catastrophe bond by UK government-backed mutual terrorism reinsurance facility, Pool Re, is the latest step in its journey of trying to normalise the market through an increased understanding of the risk, according to its Chief Executive Officer (CEO), Julian Enoizi.The £75 million Baltic read the full article →

Pool Re completes £2.3 billion retrocession, which includes terror cat bond

Pool Re, the UK government backed mutual terrorism reinsurer, has announced the completion of its £2.3 billion retrocession programme, led by reinsurance giant Munich Re.The programme is the largest terrorism risk placement ever, and was completed with more than 50 global reinsurance companies, led by Munich Re.Providing cover on a read the full article →

GC Securities highlights innovations in Pool Re terror cat bond issuance

The recently completed £75 million Baltic PCC Limited (Series 2019) terrorism catastrophe bond, which was sponsored by Pool Re, the UK government-backed mutual terrorism reinsurance facility, achieved a number of innovative firsts.GC Securities, the capital markets and insurance-linked securities (ILS) focused unit of reinsurance broker Guy Carpenter, acted as sole structurer read the full article →

Bermuda Stock Exchange lists its first UK catastrophe bond

The Bermuda Stock Exchange (BSX) has become the listing home for notes issued under a UK domiciled catastrophe bond structure for the first time, as the £75 million of notes issued for Pool Re's first terrorism cat bond find a home there.The £75 million Baltic PCC Limited (Series 2019) terrorism read the full article →

First terrorism risk cat bond oversubscribed: Pool Re

Pool Re, the UK government-backed mutual terrorism reinsurance facility, has now successfully completed the issuance of its first terrorism risk catastrophe bond, the £75 million ($97m) Baltic PCC Limited (Series 2019) with the placement said to have been oversubscribed thanks to ILS investor support.The insurance-linked securities (ILS) market has seen read the full article →

Pool Re’s terrorism cat bond Baltic PCC priced at top of guidance

The first standalone terrorism risk catastrophe bond to hit the market, a £75 million Baltic PCC Limited (Series 2019) transaction sponsored by UK government-backed mutual terrorism reinsurance facility Pool Re, has now been priced at the top-end of its initial spread guidance.Pool Re's first terror risk cat bond launched to read the full article →

Pool Re sponsors first terrorism risk catastrophe bond, Baltic PCC

Pool Re, the UK government-backed mutual terrorism reinsurance facility, is bringing the first standalone terrorism risk catastrophe bond to market to tap the capital markets for retrocession, in a £75 million ($97m) Baltic PCC Limited (Series 2019) transaction.Pool Reinsurance Company (Pool Re) has been exploring use of the insurance-linked securities read the full article →

New reinsurance capital can help narrow terrorism coverage gap: Guy Carpenter

The maturing terror risk market continues to intertwine with the rapidly evolving cyber risk landscape, which has developed a truly global peril that will ultimately require new sources of reinsurance capital to narrow the protection gap, according to broker Guy Carpenter, the reinsurance arm of Marsh.The terror risk landscape has read the full article →

Pool Re explores terror ILS options with help of GC Securities

UK government-backed mutual terrorism reinsurance facility Pool Re announced today that it has enlisted the help of GC Securities as it explores the issuance of an insurance-linked securities (ILS), to identify the options available to it in tapping the capital markets for terrorism retrocession.GC Securities, the ILS and capital markets read the full article →