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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 →

Pool Re investigates use of UK ILS structure for terror retrocession

The UK’s government-backed mutual terrorism reinsurance facility Pool Re is actively exploring the issuance of an insurance-linked securities (ILS), or at least some collateralized reinsurance, using the recently set up UK ILS regulatory regime, as the mutual looks to expand its sources of terror retrocession to the capital markets.Speaking at read the full article →

PCS Global Terror loss aggregation & index service launched

Property Claim Services (PCS), a Verisk Analytics business, has now launched its awaited latest industry loss data solution for global specialty insurance and reinsurance lines, a new loss aggregation solution and risk transfer index for terrorism risks.Artemis covered the impending launch of the PCS Global Terror loss aggregation service recently, read the full article →

PCS to launch Global Terror loss aggregation & index in Q1 2018

Property Claim Services (PCS), a Verisk Analytics business, has announced plans to launch a new loss aggregation solution for terrorism risks in the opening months of 2018, its latest industry loss data solution for global specialty insurance and reinsurance lines.PCS Global Terror is expected to be launched in the first-quarter read the full article →

ILS terrorism bonds a “logical next step” for Pool Re: Enoizi

The terrorism protection gap is now larger than ever and expanding all the time, underlining the need for innovative and effective solutions, with the insurance-linked securities (ILS) space a logical evolution, says Pool Re Chief Executive Officer (CEO), Julian Enoizi.The CEO of the UK’s government-backed mutual terrorism reinsurer, Pool Re, read the full article →

On an optimal threshold for terrorism industry loss aggregation

Industry insured loss aggregation consists of a few basic components, but they’re crucial to the process. The three basic ingredients are reliable data sources comprising sufficient share of an event to enable extrapolation of the full market loss, a set of rules (methodology) and a way to define events, and read the full article →

AIR expands terrorism model globally, enhances it for ILS users

AIR Worldwide (AIR) has expanded its terrorism risk model to support scenario testing and analysis for the United States and 27 other countries, to help companies better manage terror risk and assess the impact of different attack scenarios on their insurance, reinsurance and ILS portfolios.“The AIR Terrorism Model now supports read the full article →

Terror Risk Transfer: The Evolution of the Attacks and Why the Market Needs to Grow

Violence broke out almost simultaneously in two European countries only a couple of weeks ago. Shortly after a truck drove through the Bastille Day festivities in Nice, causing 87 fatalities and 203 injuries, according to early reports by Verisk Maplecroft, an attempted coup d’état in Turkey left more than 250 read the full article →