Pool Re raises retro cover to £2bn

Pool Re has ratcheted up its retro limit at renewal to
£2.0bn ($2.5bn) and is close to offering cover for cyber
terrorism.
CEO Julian Enoizi told The Insurance
Insider the UK state terrorism reinsurance scheme
bought the additional protection in excess of a £500mn
retention, as featured on last year's programme. The new cover
incepts at 1 March.
Pool Rebought £1.95bn last year and about £1.80bn in 2015,
when it purchased reinsurance
on the commercial market for the first.