Synthetik Supports GAREAT as Risk Modeling Agent

Delighted to share that GAREAT has successfully secured the targeted €100M of terrorism reinsurance from its debut terrorism catastrophe bond.

Synthetik is supporting GAREAT as the Risk Modeling Agent for the deal.

The GAREAT placement is just the third terror cat bond to ever come to market, with Synthetik also having supported the previous Baltic transaction for UK terror reinsurer Pool Re.

The cat bond covers physical property damage from terrorism events in France and its territories.

Synthetik is currently part of the Lloyd's Lab Cohort 13 where we will deploy our srccQuantum platform, providing insurers with better data and the right tools to address the challenge of global strikes, riots, and civil commotion.

Read full announcement here: https://www.artemis.bm/news/gareat-secures-e100m-athena-i-re-terrorism-cat-bond-priced-within-guidance/