JLT places $14.5m parametric cat bond
Jardine Lloyd Thompson Capital Markets (JLTCM), a subsidiary of reinsurance brokerage firm JLT Re placed a catastrophe bond (Market 2017-2, Weather), which closed at $14.50 million.
The bond provides single year parametric-based collateralized retrocession coverage for warm-weather winters across Europe.
Ed Hochberg, CEO of JLT Re NA and JLTCM, commented: “We are focused on continuing to develop products in this space as global ILS investors expand their underwriting capabilities”.
Michael Popkin, managing director and co-head of insurance-linked securities at JLTCM, added: “We are thrilled to see the cedant return to sponsor another weather-indexed bond via the Market Re platform.”
More of today's news
Starr Insurance appoints new CEO as Dangelo retires
Lemonade attracts $120m in latest funding round for global expansion
Allianz invests $97m in digital microinsurer
US P&C cat rates to rise up to 10%
Global 2017 insured cat losses at $136bn: Swiss Re
Reinsurance MGA to launch in 2018
New MGA Volante Global to launch in Q1 ‘18
EXIN taps Oman Insurance CEO to spearhead Central European growth
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze