Australian terror pool considers ILS options

Government-backed terrorism pool the Australian Reinsurance Pool
Corporation (ARPC) is planning to bring in insurance-linked
securities (ILS) markets to participate on its A$3.2bn ($2.27bn)
retro programme.
ARPC chief executive Christopher Wallace said that the pool had
considered buying an ILS layer before, but that the coverage and
pricing options hadn't been right at the time.
"We are interested. We've looked at options for retro
before, and we'll look at it again this week.
"But so far we've