The latest from pool Re;
Pool Re, Britain’s leading terrorism reinsurer, is pleased to announce that, following the completion of a competitive tender process, it has awarded Aon Securities Limited and Howden Capital Markets and Advisory an insurance linked securities advisory contract.
Pool Re Chief Executive Officer, Tom Clementi, said: “Pool Re considers all forms of risk transfer capacity in its reinsurance programme and has appointed the advisors to assist in the evaluation of potential ILS and similar solutions for the ultimate benefit of protecting UK taxpayers.”
Pool Re has previously used catastrophe bonds to source reinsurance protection, having successfully obtained an aggregate of £175 million of ILS capacity from UK domiciled special-purpose vehicle Baltic PCC Ltd. via cat bond issuances in 2019 and 2022.
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