Pool Re selects Aon Securities & Howden Capital Markets for ILS advisory contract

Pool Re, a UK terrorism reinsurer, announces that following a competitive tender process, it has selected Aon Securities Limited and Howden Capital Markets and Advisory for an insurance-linked securities (ILS) advisory contract.

Previously, Pool Re has secured reinsurance protection through catastrophe bonds, successfully raising a total of £175 million in ILS capacity.

This was achieved through cat bond issuances in 2019 and 2022, facilitated by the UK-domiciled special-purpose vehicle Baltic PCC Ltd.

Tom Clementi, Chief Executive Officer, Pool Re, commented: “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.”

Earlier this year, Clearwater, the provider of SaaS-based investment management, accounting, reporting, and analytics solutions, partnered with Pool Re to support its investment accounting and reporting process.

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