Pool Re has selected Aon Securities and Howden Capital Markets and Advisory as insurance linked securities (ILS) advisors. The firm previously secured £175 million in ILS capacity to source reinsurance protection through the issuance of catastrophe bonds Baltic PCC Limited in 2019 and 2022. Tom Clementi, CEO of Pool Re, says: “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, established in 1993 in partnership with the UK Government, provides reinsurance for terrorism-related losses, covering risks and supporting the financial security of more than £2 trillion in assets across businesses.
