Jardine Lloyd Thompson Capital Markets Closes Market Re 2014 - 4, a $30 Million Catastrophe Bond

13 July 2014

New York - Jardine Lloyd Thompson Capital Markets (JLTCM) Inc., a part of JLT Towers Re, announced its next Market Re private placement cat bond (Market Re 2014-4), which closed at $30 million via two separate classes. The new bond provides two year collateralized catastrophe coverage for North American earthquake exposure.

"We continue to see the momentum of deals increasing. Both cedants and investors are recognizing the opportunity and value of transacting via cat bonds,” commented Michael Popkin, Managing Director and Co-Head of Insurance-Linked Securities at Jardine Lloyd Thompson Capital Markets. “With each transaction, we are expanding the number of investors who are familiar with the Market Re platform."

"Market Re allows us to customize risk transfer for our clients and then convert these into cat bonds in a scalable way that makes it efficient for cedants and investors alike,” said Rick Miller, Managing Director and Co-Head of Insurance-Linked Securities at Jardine Lloyd Thompson Capital Markets. “The Market Re transactions are definitely enabling us to open up the cat bond market to more cedants."

"We are excited to see the continued evolution of the Market Re platform and its ability to deliver diversifying risks into the capital markets," noted Ed Hochberg, CEO of Jardine Lloyd Thompson Capital Markets.

About Jardine Lloyd Thompson Capital Markets, Inc.

Jardine Lloyd Thompson Capital Markets, Inc. is a wholly owned subsidiary of Jardine Lloyd Thompson Group that advises clients in the areas of risk-linked securities, collateralized reinsurance, and other risk transfer solutions involving securities and other capital markets instruments.

About JLT Towers Re

JLT Towers Re was formed in 2013 when JLT Group acquired Towers Watson’s reinsurance business and merged it with JLT Reinsurance Brokers, creating a new force in the international reinsurance market. With over 700 professionals in 30 locations across 16 countries, JLT Towers Re has established North American and London Market reinsurance broking businesses combined with international reinsurance operations and a dynamic brand, creating a business that provides clients with enhanced scale, capability and market presence. JLT Towers Re is part of the Jardine Lloyd Thompson Group plc one of the world’s largest suppliers of insurance, reinsurance and employee benefits related advice, brokerage and associated services. JLT Group plc is quoted on the London Stock Exchange and owns offices in 39 territories with some 9,000 employees. Supported by the JLT International Network, it offers risk management and employee benefit solutions in 135 countries.


contact Isabella Gaster
Head of Communications & Marketing, JLT Re