Articles - JLT Capital Markets close $31.8m Cat bond


 Jardine Lloyd Thompson Capital Markets has announced its second Market Re private placement cat bond (Market Re 2014 -2), which closed at $31.825 million. The new bond provides one year indemnity-based collateralized catastrophe reinsurance coverage for the cedant’s Florida book of business and was accomplished via two separate classes.

 “Since launching the Market Re platform in May, we have seen considerable interest from both cedants and investors,” commented Michael Popkin, Managing Director and Co-Head of Insurance-Linked Securities at Jardine Lloyd Thompson Capital Markets. “By increasing the efficiency of the overall issuance process, we have opened the market to new cedants to begin to engage with the capital markets.”

 “Market Re is a flexible platform that allows for highly customized solutions for our clients,” said Rick Miller, Managing Director and Co-Head of Insurance-Linked Securities at Jardine Lloyd Thompson Capital Markets. “We expect to see the velocity of Market Re private cat bond transactions continue to increase.”

 “We are very excited to see that JLTCM continues to develop innovative structures which further reduce frictional expenses,” reflected Ed Hochberg, CEO of Jardine Lloyd Thompson Capital Markets. “These developments provide many more cedants with capacity from the capital markets that would otherwise be inaccessible.” 

Back to Index


Similar News to this Story

Artificial intelligence and pensions: Cyber risk
This is the third in a series that takes a deeper look at areas relevant to U.K. pension schemes and how artificial intelligence (AI) may have a signi
The four dimensions of reserving uncertainty
This article presents a framework that I have found helpful in working with general insurance firms to better manage their reserving risks. The four d
Strategies for defined contribution pension arrangements
Three areas of focus that companies can build into their strategy to help their defined contribution arrangements stand up to adverse conditions. Turb

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.