---
title: "PRE00179 ILS Cat Bond Deal Legal Counsel"
ocid: "ocds-b5fd17-00a78e87-6299-4ae5-b3b9-f7f16ab4a78b"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-00a78e87-6299-4ae5-b3b9-f7f16ab4a78b"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-00a78e87-6299-4ae5-b3b9-f7f16ab4a78b.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-00a78e87-6299-4ae5-b3b9-f7f16ab4a78b.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "POOL REINSURANCE COMPANY LIMITED"
published: "2024-08-16"
---

# PRE00179 ILS Cat Bond Deal Legal Counsel

Buyer: POOL REINSURANCE COMPANY LIMITED  
Current stage: Award  
OCID: ocds-b5fd17-00a78e87-6299-4ae5-b3b9-f7f16ab4a78b

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## Summary

Pool Reinsurance Company Limited has concluded its tender process for the appointment of a legal counsel for its insurance-linked security (ILS) terrorism bonds deal, titled "PRE00179 ILS Cat Bond Deal Legal Counsel." The tender, classified under the "Legal services" industry category, was geographically located in London, United Kingdom. The procurement process, which used a competitive quotation method under a limited procurement category, moved from planning to the award stage, with the final award issued on 26th July 2024. The contract, valued at £515,000, commences on 2nd August 2024 and concludes on 1st August 2027, covering a three-year term.

This tender presents significant opportunities for law firms specialising in legal services linked to financial instruments and securities. The contract, awarded to Clifford Chance LLP, exemplifies a substantial engagement for firms aiming to expand their portfolio in the highly specialised field of ILS terrorism bonds. Small and medium-sized enterprises (SMEs) with strong capabilities in legal counsel for insurance-linked securities would be well-suited to compete in similar tenders, given the specific requirements and significant duration of such contracts. Such opportunities can help law firms enhance their market presence and clientele in the financial services sector, particularly in high-stakes, long-term projects.

## Notice

Pool Re seeked to appoint a law firm to act as its deal counsel for a three-year term to assist in the issue of one or more insurance-linked security (ILS) terrorism bonds.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/5b24e7ed-a1d9-4864-8c4d-085558a71aed |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Limited |
| Procurement method details | Competitive quotation (below threshold) |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 16 Aug 2024 |
| Submission deadline | 23 Jul 2024 |
| Future notice date | Not specified |
| Award date | 25 Jul 2024 |
| Contract period | 1 Aug 2024 - 1 Aug 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | £515,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | POOL REINSURANCE COMPANY LIMITED |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC4R 9AF |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | City of London |
| Electoral ward | Candlewick |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | CLIFFORD CHANCE |

## CPV Codes

### Divisions

- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 79100000 - Legal services

## Release History

- 16 Aug 2024 at 09:47 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/5b24e7ed-a1d9-4864-8c4d-085558a71aed

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/5b24e7ed-a1d9-4864-8c4d-085558a71aed
  16th August 2024 - Awarded contract notice on Contracts Finder

## Notice URLs

- http://www.poolre.co.uk

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-00a78e87-6299-4ae5-b3b9-f7f16ab4a78b. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-00a78e87-6299-4ae5-b3b9-f7f16ab4a78b.json.