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Pool Reinsurance Co. Ltd., the U.K. government-backed terrorism reinsurance backstop, is exploring the issuance of an insurance-linked securities structure to expand its sources of terror retrocession, Artemis.bm reports. Ian Coulman, chief investment officer of Pool Re, said that the reinsurer plans to use ILS to shift the risk away from the government and taxpayers to the private market. Mr. Coulman said that Pool Re can currently withstand a terrorism loss event of about £12 billion ($16.7 billion). The reinsurer recently increased the size of its retrocessional reinsurance program to more than £2 billion.