General Insurance Article - JLT closes next Market Re cat bond at $30m

 Jardine Lloyd Thompson Capital Markets(JLTCM) has announced its next Market Re private placement cat bond Market Re 2014 - 4), which closed at $30m via two separate classes. The new bond provides two year collateralized catastrophe coverage for North American earthquake exposure.

 "We continue to see the momentum of deals increasing. Both cedants and investors are recognizing the opportunity and value of transacting via cat bonds," commented Michael Popkin, managing director and co-head of Insurance-Linked Securities at Jardine Lloyd Thompson Capital Markets. "With each transaction, we are expanding the number of investors who are familiar with the Market Re platform."

 "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," said Rick Miller, managing director and co-head of Insurance-Linked Securities at Jardine Lloyd Thompson Capital Markets. "The Market Re transactions are definitely enabling us to open up the cat bond market to more cedants."

 "We are excited to see the continued evolution of the Market Re platform and its ability to deliver diversifying risks into the capital markets," noted Ed Hochberg, ceo of Jardine Lloyd Thompson Capital Markets.