Synthetik helps Pool Re grow terrorism retrocession placement to £2.5bn

Written By Tim Brewer

Working as Risk Modeling Agent, Synthetik is supporting Pool Re - Britain’s leading terrorism reinsurer - complete placement of its retrocession program with more than 50 international reinsurers. The placement provides £2.5bn of cover and is led by Munich Re with Hannover Re and Fidelis among those providing significant capacity.

 Reflecting the underlying insurance provided by Pool Re through its member insurers, the retrocession covers property damage arising from nuclear, biological, chemical, and radiological attacks (CBRN); those arising from cyber-triggered terrorist losses; as well as conventional terrorist acts.

 

In the news:

1. Baltic PCC Limited (Series 2022-1). https://www.artemis.bm/deal-directory/baltic-pcc-limited-series-2022-1/

2. Pool Re completes expanded terrorism retrocession placement. https://www.poolre.co.uk/news/pool-re-completes-expanded-terrorism-retrocession-placement/

3. Pool Re completes expanded terrorism retrocession placement. https://www.insurancebusinessmag.com/uk/news/kidnap-ransom-terrorism/pool-re-completes-expanded-terrorism-retrocession-placement-397125.aspx

4. Pool Re grows terror retro cover to £2.5bn. https://www.reinsurancene.ws/pool-re-grows-terror-retro-cover-to-2-5bn/

5. Pool Re expands terror retro placement. https://www.insuranceinsider.com/article/29s5kj0qoysbvkeyvb0u8/pool-re-expands-terror-retro-placement

Tim Brewer
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