Pool Re

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, 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.