Jardine Lloyd Thompson Capital Markets Closes Market Re 2018-1, An $84 Million Catastrophe Bond
18 June 2018
Jardine Lloyd Thompson Capital Markets (JLTCM) Inc., an affiliate of the leading global reinsurance brokerage firm, JLT Re (North America) Inc. (JLT Re), is pleased to announce another private placement catastrophe bond, Market Re 2018-1, which closed at $84 million. The cat bond provides one year indemnity-based collateralized catastrophe reinsurance coverage for the cedant’s Florida book of business. The transaction has one class and was placed in the private markets alongside the cedant’s Florida hurricane catastrophe coverage (FHCF).
“The strong support from Insurance-Linked Securities (ILS) managers following the 2017 storm season shows the value of having a diversified panel of reinsurers,” commented Michael Popkin, Managing Director and Co-Head of Insurance-Linked Securities at Jardine Lloyd Thompson Capital Markets.
“This transaction remains an integral part of the cedant’s reinsurance placement and has seen strong investor interest,” remarked Rick Miller, Managing Director and Co-Head of Insurance-Linked Securities at Jardine Lloyd Thompson Capital Markets.
CEO of JLT Re North America and JLTCM, Ed Hochberg said, “we are pleased that JLTCM continues to be a market leader in transferring catastrophe risk to the private markets. Our capital markets team and JLT Re brokers work closely to provide comprehensive solutions for our clients.”
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NOTES TO EDITORS:
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 is the world’s fourth largest reinsurance broker, with approximately 800 professionals across 38 locations in 18 countries, delivering world class risk analysis and risk transfer solutions.
Our deep specialist knowledge and extensive experience of both the reinsurance market and clients’ own industry sectors enables JLT Re to deliver innovative solutions tailored to meet client needs.
We provide clients with broking and consultancy services across all classes of treaty and facultative reinsurance, including aviation, marine & energy, terrorism & political risk, trade credit, life accident and health, cyber, workers compensation and structured products.
JLT Re has a proven capability to provide a range of advisory and capital markets services specifically to insurance industry clients on a global scale.
Our ground breaking proprietary modelling tools and market leading analytical capabilities and personnel enable us to bring analytical rigour and a unique perspective to clients.
JLT Re is a trading name 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.
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 more than 40 territories with over 10,000 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 and follow us on LinkedIn at JLT Group and Twitter @JLTGroup.
For further information about JLT, rel="noopener noreferrer" please visit our website www.jlt.com.