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Pool Re upsizes retro to $3.5bn, but no new ILS capital included

UK government backed mutual terrorism reinsurance firm Pool Re has secured another increase in size to its retrocession program, lifting it to almost US $3.5 billion at the latest renewal, but still insurance-linked securities (ILS) capacity remains limited to its previous catastrophe bond. Pool Re placed its UK £2.475 billion (US read the full article →

ARPC renews terrorism retro program at $3.475bn, lowers retention

The Australian Reinsurance Pool Corporation, which administers Australia's terrorism insurance scheme, has renewed its retrocessional reinsurance program with $3.475 billion of coverage, with limit secured slightly up on the prior year as it reduced its retention by $25 million. The $3.475 billion retrocessional reinsurance program works in tandem with ARPC’s net read the full article →

Pool Re secures largest retro program yet in $3bn+ renewal

UK government backed mutual terrorism reinsurance firm Pool Re has secured its largest retrocession program yet, buying a UK £2.4 billion (US $3 billion plus) aggregate excess of loss tower from private markets. The program was led by reinsurance giant Munich Re, while Hannover Re also provided a significant part of read the full article →

Terrorism pools showing increasing interest in cat bonds: Pool Re

Following its successful sponsorship of the first terrorism risk catastrophe bond earlier this year, Pool Re has been sharing its experience with other aggregators of terrorism insurance risk to help them understand the option to tap into capital markets appetite. Terrorism risk and its potential as an insurance-linked securities (ILS) diversifier read the full article →

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 →

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 →