With its fourth terrorism catastrophe bond sponsorship now settled, Pool Re CEO Tom Clementi has said that the £100 million issuance signals the UK government backed mutual terrorism reinsurance firm’s deep commitment to think beyond the traditional.As Artemis has reported over recent weeks, Pool Re returned to the catastrophe bond market and for the first time was looking to sponsor a new issuance while a previous cat bond was still in-force.More information then .We then reported on this fourth Baltic PCC terrorism cat bond again, .

With the issuance of notes having settled this week, Pool Re has now commented on its latest and fourth cat bond sponsorship, which is its first to be issued before an old cat bond matured.Tom Clementi, Chief Executive Officer of Pool Re, stated, “We are very pleased to have successfully closed our fourth Cat Bond issuance and take pride in our role as the ultimate backstop to support economic confidence and national resilience.By reducing the financial burden on UK taxpayers, we shelter them from the financial consequences of terror events.

“This latest issuance signals our deep commitment to think beyond traditional markets, innovatively developing terrorism-focused ILS solutions to maintain Britain’s resilience against terrorism.” With this new £100 million Baltic PCC 2026-1 terrorism cat bond now adding to the also £100 million of coverage from the issuance, Pool Re now has £200 million of terrorism retrocession backed by capital market investors in cat bond format.Pool Re said, “The new issuance will support Pool Re in its mission enhancing the resilience of the UK economy and protecting businesses from terror-related financial loss, by offering protection and reassurance while keeping risks within the private markets.” Aon Securities Limited and Howden Capital Markets & Advisory acted as joint structuring agents and bookrunners for the new Baltic PCC cat bond transaction, with Clifford Chance acting as Legal Counsel.Jordan Brown, Managing Director at Aon Securities commented, “Aon Securities is pleased to support Pool Re on its fourth successful transaction to the ILS market.

We witnessed a strong response to this year’s offering from the global investor community, which reflects continued confidence in Pool Re and its role in advancing private‑sector participation in terrorism risk financing.” Philipp Kusche Chair of Howden Capital Markets & Advisory (HCMA) Europe and Co-Head of Global ILS, added, “The ILS market is a unique way to diversify reinsurance risk and offers many upsides, and it’s really encouraging to see Pool Re access it successfully for the fourth time.Pool Re’s ongoing commitment lays the groundwork for further future issuances and supports the industry in its resilience against terrorism.” Read all about this new terrorism catastrophe bond in our extensive Artemis Deal Directory..All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance can be accessed online.

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