Pool Re

Share

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 →

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 →