New York
14 June 2017
Reporter: Becky Butcher
JLT Capital Markets closes $65.1m cat bond
Jardine Lloyd Thompson (JLT) Capital Markets, an affiliate of JLT Re, has closed the private placement catastrophe bond, Market Re 2017-1, at $65.1 million.

The cat bond provides a year’s indemnity-based collateralised catastrophe reinsurance coverage for the cedent’s Florida business.

The transaction has one class and was placed with the private market alongside the cedent’s Florida hurricane catastrophe coverage.

Commenting on the cat bond, Michael Popkin, managing director and co-head of insurance-linked securities at JLT Capital Markets, said: “Our Market Re platform continues to provide our clients with competitive access to the capital markets.”

Rick Miller, managing director and co-head of insurance-linked securities at the company, added: “Our client has again successfully accessed the capital markets for an Florida hurricane catastrophe coverage replacement layer.” --

More news
The latest news from Captive Insurance Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
AF Group snaps up Eric Halter
28 June 2017 | Lansing, Michigan | Reporter: Becky Butcher
Accident Fund Group has appointed Eric Halter as director of AF Specialty, a new brand focused on providing front capacity to insurance carriers, managing reinsurance intermediaries and captive managers
UK to implement ILS regime this autumn
27 June 2017 | London | Reporter: Becky Butcher
London’s insurance-linked securities regulation is now being finalised by the UK Government ready for implementation this autumn, according to a letter sent from HM Treasury to the London Market Group’s Nicolas Aubert
Arch Reinsurance Company recruits François Dagneau to lead in Canada
26 June 2017 | Toronto | Reporter: Mark Dugdale
Arch Reinsurance Company has hired Aon Benfield's François Dagneau as its new Canadian operations CEO
GEB appoints executive management trio
23 June 2017 | Brussels | Reporter: Becky Butcher
Generali Employee Benefits (GEB) has welcomed Eric Butler, Roland Raad and Thierry Mestach to its international management team
R&Q sells Lloyds managing agency to Coverys
23 June 2017 | London | Reporter: Becky Butcher
R&Q Investment Holdings has reached an agreement to sell the entire share capital of its Lloyd’s managing agency, R&Q managing agency, to Coverys, a provider of medical professional liability insurance based in Boston
Captives dominate the BVI insurance sector
23 June 2017 | Road Town, British Virgin Islands | Reporter: Becky Butcher
Captives in the British Virgin Island’s insurance sector continue to dominate the market, in terms of the number of firms, as well as revenues generated, according to a new BVI Global Contribution report
FCC Services captive reports ‘financially solid’ 2016 results
22 June 2017 | Colorado | Reporter: Becky Butcher
The Farm Credit System Captive Insurance Company, the captive insurer of FCC Services, has reported a net income of $10.3 million in 2016, an increase of 7.8 percent compared to the previous year