Pool Re, the UK’s foremost terrorism reinsurer, has selected Aon Securities Limited and Howden Capital Markets and Advisory as its insurance-linked securities (ILS) advisors.
This decision follows a rigorous competitive tender process. The appointment of these leading firms marks a strategic move by Pool Re to strengthen its position in the ILS market, leveraging their expertise to enhance its reinsurance capabilities.
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.
