JLT Capital Markets Closes Market Re Catastrophe Bond

20 December 2017

Jardine Lloyd Thompson Capital Markets (JLTCM) Inc., a subsidiary of a leading global reinsurance brokerage firm, JLT Re (North America) Inc. (JLT Re NA), is pleased to announce another private placement catastrophe bond, Market Re 2017-2 (Weather), which closed at $14.50 million. The bond provides single year parametric-based collateralized retrocession coverage for warm-weather winters across Europe.

Ed Hochberg, CEO of JLT Re NA and JLTCM, commented, “we are pleased to continue to service our clients with novel risk transfer solutions. We are focused on continuing to develop products in this space as global ILS investors expand their underwriting capabilities”.

“We are thrilled to see the cedent return to sponsor another weather-indexed bond via the Market Re platform,” remarked Michael Popkin, Managing Director and Co-Head of Insurance-Linked Securities at JLTCM.

“Market Re has proven to be an efficient vehicle for bespoke and complex risk transfer which cedents and investors alike have grown accustomed to”, added Rick Miller, Managing Director and Co-Head of Insurance-Linked Securities at JLTCM.

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Helen Ferris
Tel: +44 (0)207 5583388
Email: helen.ferris@jltre.com

Elizabeth Miller
Tel: +1 215 309 4590
Email: elizabeth.miller@jltre.com


About Jardine Lloyd Thompson Capital Markets, Inc.

Jardine Lloyd Thompson Capital Markets, Inc. is a wholly owned subsidiary of Jardine Lloyd Thompson Group and is part of JLT Re. It 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 Re

JLT Re’s trusted team of 700 colleagues worldwide combines market leading expertise and proprietary analytical tools with the freedom to challenge conventions.
Deep specialist knowledge and extensive experience of both the reinsurance market and clients’ own industries and sectors enables JLT Re to ask smarter questions, innovate and deliver better results tailored to meet client needs.

JLT Re is a trading name and logo of various JLT reinsurance broking entities and divisions globally and any services provided to clients by JLT Re may be through one or more of JLT’s regulated businesses.

JLT Re is part of the Jardine Lloyd Thompson Group plc. www.JLTRe.com

About Jardine Lloyd Thompson

Jardine Lloyd Thompson is one of the world’s leading providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services. JLT’s client proposition is built upon its deep specialist knowledge, client advocacy, tailored advice and service excellence.

JLT is quoted on the London Stock Exchange and owns offices in 40 territories with more than 10,600 employees. Supported by the JLT International Network, it offers risk management and employee benefit solutions in 135 countries.

For further information about JLT, please visit our website www.jlt.com.