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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 →

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 →