property catastrophe bonds News

Jardine Lloyd Thompson Capital Markets (JLTCM) Inc., part of JLT Re, has arranged a private placement catastrophe bond, Market Re 2015-1, which closed at $10 million. The new bond provides one year indemnity-based collateralized catastrophe reinsurance coverage for the cedant’s …

Catastrophe bond issuance for the first quarter reached a record $1.7 billion – higher than any other first quarter issuance in the history of the insurance linked securities sector (ILS), according to a report published by Aon Benfield Securities, the …