Pool Re has awarded Aon Securities and Howden Capital Markets and Advisory an insurance linked securities advisory contract.
The terrorism insurer has previously used cat bonds to source reinsurance protection, having successfully obtained an aggregate of £175m of ILS capacity from UK domiciled special-purpose vehicle Baltic PCC via cat bond issuances in 2019 and 2022.
Pool Re, chief executive officer, Tom Clementi (pictured), 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.”
Printed Copy:
Would you also like to receive CIR Magazine in print?
Data Use:
We will also send you our free daily email newsletters and other relevant communications, which you can opt out of at any time. Thank you.
YOU MIGHT ALSO LIKE