Investors bet on UK terrorist attacks in cat bond first

77_PA_230x150
By Jasper Cox
26 Feb 2019

Pool Re, a government-backed reinsurer, has priced the first ever catastrophe bond to cover terrorist attacks specifically, allowing investors to receive a return from providing insurance cover. Those on the deal claim it shows the depth of the UK’s financial expertise in the insurance linked securities (ILS) market.

The deal marks a significant moment for the cat bond market, which is traditionally used to sell risk related to damage from natural disasters, such as hurricanes and earthquakes. It also comes at a time when the UK is seeking to boost its credentials as an ILS hub, ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.