JLT Capital Markets Closes Market Re 2016-3, A $75 Million Catastrophe Bond

12 July 2016

Jardine Lloyd Thompson Capital Markets (JLTCM) Inc., an affiliate of a leading global reinsurance brokerage firm, JLT Re, is pleased to announce another private placement catastrophe bond, Market 2016-3, which closed at $75 million.  The new bond provides three year indemnity-based collateralized catastrophe reinsurance coverage for the cedent’s largely New Jersey book of business.  The transaction has one class.

“Investor interest for the diversifying geographic risk was strong and the deal was over-subscribed, closing at the tight end of guidance,” commented Michael Popkin, Managing Director and Co-Head of Insurance-Linked Securities at Jardine Lloyd Thompson Capital Markets.   “The growing size of our Market Re deals conveys the strong acceptance of the platform.”

“As the overall process of coming to market becomes increasingly efficient, both in terms of cost and timing, we are seeing cedents making effective use of the Market Re platform to transfer risk to the capital markets,” stated Rick Miller, Managing Director and Co-Head of Insurance-Linked Securities at Jardine Lloyd Thompson Capital Markets.

Ed Hochberg, CEO of JLT Re North America and Capital Markets, added “we continue to tie together the various components of JLT’s services, namely brokerage, analytics, and capital markets, to provide our clients with comprehensive solutions and efficient risk transfer.”

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JLT Re Isabella Gaster | T: (+44) 20 7558 3387| M: (+44) 7920 586 032 | E: Isabella.Gaster@JLTRe.com


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’s trusted team of 700 colleagues worldwide combines market leading expertise and proprietary analytical tools with the freedom to challenge conventions.

Deep specialist knowledge and extensive experience of both the reinsurance market and clients’ own industries and sectors enables JLT Re to ask smarter questions, innovate and deliver better results tailored to meet client needs.

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 40 territories with more than 10,600 employees. Supported by the JLT International Network, it offers risk management and employee benefit solutions in 135 countries.