Jardine Lloyd Thompson Capital Markets Closes Oak Leaf Re LTD. 2017-1, $53.995 million catastrophe bond

14 June 2017

Jardine Lloyd Thompson Capital Markets (JLTCM) Inc., an affiliate of the leading global reinsurance brokerage firm, JLT Re, is proud to announce the completion of another private placement catastrophe bond: Oak Leaf Re 2017-1, which closed at $53.995 million. Oak Leaf Re Ltd. 2017-1 is a one year indemnity-based collateralized catastrophe bond, providing reinsurance coverage for the cedent’s book of business. The transaction consists of four classes, including a multi-section tranche covering severity/frequency and a tranche for reinstatement premium protection (RPP).

“We are greatly enthused that Oak Leaf was once again placed with a strong syndicate through an efficient process. Our client has greatly benefited from enduring relationships with the capital markets,” commented Rick Miller, Managing Director and Co-Head of Insurance-Linked Securities at Jardine Lloyd Thompson Capital Markets. 

“In 2017, we are pleased to close our seventh annual Oak Leaf cat bond, which is one of the longer running cat bonds in the marketplace,” said Michael Popkin, Managing Director and Co-Head of Insurance-Linked Securities at Jardine Lloyd Thompson Capital Markets. 

Ed Hochberg, CEO of JLT Re North America and JLTCM, stated that “it is a great pleasure to continually diversify the cedent’s sources of capacity by transacting regularly with the capital markets. We are delighted to work closely with Southern Oak and the investors to bring to market the seventh annual Oak Leaf deal.”



Isabella Gaster | Tel: (+44) 20 7558 3387 |Email: Isabella.Gaster@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 part of the Jardine Lloyd Thompson Group plc.


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

This announcement may contain "forward looking statements" regarding the financial position, business strategy or plans for future operations of the Group. By their nature, forward looking statements involve risk and uncertainty, relating to facts that are beyond the company's ability to control, such as future market conditions. Any such statements in this announcement speak only as at the date of this announcement. The company does not assume any obligation to, and does not intend to, revise or update these forward looking statements except as required pursuant to applicable law.