JLT Capital Markets Completes $31.074m Cat Bond - Market Re 2015-3

10 June 2015

Jardine Lloyd Thompson Capital Markets (JLTCM) Inc., which is part of JLT Re, , the global provider of reinsurance broking and consultancy, announced it has arranged another Market Re private placement catastrophe bond, Market Re 2015-3, which closed at $31.074 million.  This Market Re bond provides one year indemnity-based collateralized catastrophe reinsurance coverage for the cedant’s Florida book of business through two different classes, addressing both severity and frequency. 

“Market Re is continuing to become an even more valuable part of reinsurance risk transfer solutions,” commented Michael Popkin, Managing Director and Co-Head of Insurance-Linked Securities at Jardine Lloyd Thompson Capital Markets.  “Because of Market Re’s cost effective structure and overall ease of execution, our cedants are seeing Market Re private placement cat bonds as integral to their overall programs.” “The Market Re approach has made the capital markets more accessible to more cedants, which has completely changed the way they think about their programs.  

By having more options, cedants can access the right markets for the right part of their program,” said Rick Miller, Managing Director and Co-Head of Insurance-Linked Securities at Jardine Lloyd Thompson Capital Markets.  “We feel confident that the volume and diversity of Market Re deals will continue to increase.”  

CEO of JLT Re North America, Ed Hochberg, added that “this efficient path to capital markets execution is opening up a number of opportunities across the growing range of JLT’s clients.” 

 - ENDS - 

Notes to Editors 



Isabella Young 

Tel: (+44) 20 7558 3387/ (+44) 7920 586 032 


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 R. 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 a global provider of reinsurance broking and capital solutions. Delivering world class solutions and service whilst differentiating clients from their peers, JLT Re has 700 professionals across 13 countries. New clients and new employees continue to join, attracted by specialist broking, consultancy and analytical capability, increased market presence and a collaborative and energetic approach. JLT Re is part of the Jardine Lloyd Thompson Group plc. 


About Jardine Lloyd Thompson Group plc  

Jardine Lloyd Thompson is one of the world’s leading providers of insurance 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 39 territories with more than 10,000 employees. Supported by the JLT International Network, it offers risk management and employee benefit solutions in 135 countries.  

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.