15 July 2014 Alternative Risk Transfer

Market Re completes new $30m cat bond

Jardine Lloyd Thompson Capital Markets (JLTCM) has closed another Market Re private placement cat bond (Market Re 2014 -4) at $30 million via two separate classes.

The new bond provides two year collateralised catastrophe coverage for North American earthquake exposure.

Michael Popkin, managing director and co-head of insurance-linked securities (ILS) at JLTCM, said: “We continue to see the momentum of deals increasing. Both cedants and investors are recognising the opportunity and value of transacting via cat bonds. With each transaction, we are expanding the number of investors who are familiar with the Market Re platform.”

Rick Miller, managing director and co-head of ILS at JLTCM, said: “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. The Market Re transactions are definitely enabling us to open up the cat bond market to more cedants.”

Ed Hochberg, chief executive officer of JLTCM, added: “We are excited to see the continued evolution of the Market Re platform and its ability to deliver diversifying risks into the capital markets.”


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31 January 2020   The broker made the biggest acquisition in its history last year in the form of Jardine Lloyd Thompson.
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23 January 2020   Her appointment is part of a significant investment in the Dublin office.
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30 July 2019   Broker Marsh & McLennan's chief executive Dan Glaser is "pleased" with the company's second quarter 2019 results, which include Jardine Lloyd Thompson (JLT) for the first time.

More on this story

Insurance
31 January 2020   The broker made the biggest acquisition in its history last year in the form of Jardine Lloyd Thompson.
Insurance
23 January 2020   Her appointment is part of a significant investment in the Dublin office.
Insurance
30 July 2019   Broker Marsh & McLennan's chief executive Dan Glaser is "pleased" with the company's second quarter 2019 results, which include Jardine Lloyd Thompson (JLT) for the first time.

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