|[July 14, 2014]
Jardine Lloyd Thompson Capital Markets Closes Market Re 2014 - 4, a $30 Million Catastrophe Bond
NEW YORK --(Business Wire)--
Jardine Lloyd Thompson Capital Markets (JLTCM) Inc., a part of JLT
Towers Re, announced its next Market Re private placement cat bond
(Market Re 2014 -4), which closed at $30 million 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 Mrket 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.
About Jardine Lloyd Thompson Capital Markets, Inc.
Jardine Lloyd Thompson Capital Markets, Inc. is a wholly owned
subsidiary of Jardine Lloyd Thompson Group that advises clients in the
areas of risk-linked securities, collateralized reinsurance, and other
risk transfer solutions involving securities and other capital markets
About JLT Towers Re
JLT Towers Re was formed in 2013 when JLT Group acquired Towers Watson's
reinsurance business and merged it with JLT Reinsurance Brokers,
creating a new force in the international reinsurance market. With over
700 professionals in 30 locations across 16 countries, JLT Towers Re has
established North American and London Market reinsurance broking
businesses combined with international reinsurance operations and a
dynamic brand, creating a business that provides clients with enhanced
scale, capability and market presence. JLT Towers Re is part of the
Jardine Lloyd Thompson Group plc one of the world's largest suppliers of
insurance, reinsurance and employee benefits related advice, brokerage
and associated services. JLT Group plc is quoted on the London Stock
Exchange and owns offices in 39 territories with some 9,000 employees.
Supported by the JLT International Network, it offers risk management
and employee benefit solutions in 135 countries.
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