Risk modeling helps Pool Re to issue first terror catastrophe bond

U.K.-based Pool Reinsurance Co. Ltd. said that new terror risk-modeling capabilities helped insurance-linked securities players understand the peril and allowed the reinsurer to issue its first terror catastrophe bond recently, Artemis.bm reports. Steve Burr, head of actuarial services at Pool Re, said that the reinsurer collaborated with U.S.-based insurance broker Guy Carpenter and Co. L.L.C. and U.K.-based Cranfield University to find the effects of terror blasts over, around and between buildings.

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