Baltic PCC Limited


Terror risk a “useful but complex diversifier for ILS funds” – IFTRIP

Terrorism insurance and reinsurance risks are seen by investors as a useful but complex diversification opportunity for their ILS funds, hot topics discussed at the annual IFTRIP conference suggested.The International Forum of Terrorism Risk (Re)Insurance Pools (IFTRIP) annual conference was held in Brussels last week and insurance-linked securities (ILS) and read the full article →

U.S. Treasury continues exploring terror cat bonds for risk sharing

The United States Treasury continues to explore its options for terrorism risk sharing with private markets, with terrorism catastrophe bonds once again under discussion at committee level.With the Terrorism Risk Insurance Program, or TRIP, which was authorised under the Terrorism Risk Insurance Act (TRIA) of 2002, set to expire at read the full article →

Pool Re secures £40m of retro for non-damage business interruption

UK government backed mutual terrorism reinsurance firm Pool Re has successfully secured a £40 million (US $50m) layer of additional retrocession to cover it against non-damage business interruption resulting from terror attacks.Guy Carpenter was the reinsurance broker responsible for the placement, while insurer Liberty Specialty Markets took the lead market read the full article →

Pool Re buying retrocession for non-damage business interruption risks

Pool Re, the UK government backed mutual terrorism reinsurer, is back in the market to source an additional up to £50 million (US $64m) of retrocessional reinsurance protection to cover the new non-damage business interruption (NDBI) it assumes.Pool Re expanded the terrorism reinsurance protection it offers to the UK insurance read the full article →

ILS community “very supportive” of first terror bond: Pool Re’s Ian Coulman

The introduction of terrorism risk to the insurance-linked securities (ILS) market remains in its infancy, but the very supportive response from the investor base regarding Pool Re’s Baltic PCC Limited, the world’s first terror catastrophe bond, suggests the peril will be accepted.In an interview with Artemis, Ian Coulman, the Chief 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 →