Aon Securities & Howden get ILS contract from Pool Re

British terrorism reinsurer Pool Re has announced that, following the completion of a competitive tender process, it has awarded Aon Securities and Howden Capital Markets and Advisory an insurance linked securities advisory contract.

“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,” said Pool Re chief executive Tom Clementi.

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 via cat bond issuances in 2019 and 2022.

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