Swiss Re Insurance-Linked Fund Management

PCS - Emerging Risks, New Opportunities

Catastrophe bonds, insurance linked securities, reinsurance capital & investment, risk transfer intelligence.
Swiss Re Insurance-Linked Fund Management

PCS - Emerging Risks, New Opportunities

Market Re Ltd. (Series 2016-3)

The Artemis Catastrophe Bond and Insurance-linked Securities Deal Directory aims to provide a one-stop resource for information on every cat bond and ILS transaction we hold information on. The content of this Deal Directory is provided as is and there will be some omissions. Help us to keep these cat bond and ILS transaction summaries up to date by contacting us if you see an error or omission that you can correct.

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Market Re Ltd. (Series 2016-3) – At a glance:

  • Issuer: Market Re Ltd. (Series 2016-3)
  • Cedent / sponsor: Unknown
  • Placement / structuring agent/s: Jardine Lloyd Thompson Capital Markets are structuring agent and bookrunner
  • Risk modelling / calculation agents etc: ?
  • Risks / perils covered: North east U.S. named storms
  • Size: $75m
  • Trigger type: Indemnity
  • Ratings: NR
  • Date of issue: Jul 2016

Market Re Ltd. (Series 2016-3) – Full details:

This latest transaction saw $75m of notes issued in a Series 2016-3 transaction using the JLTCM Market Re Ltd. private cat bond platform, as the unit for the JLT global insurance and reinsurance brokerage team demonstrated its ability to bring continued deal-flow to the ILS market at a quieter time of issuance.

The Market Re 2016-3 private cat bond issuance saw a U.S. ceding insurer securing three years of indemnity-based collateralized catastrophe reinsurance protection for its largely New Jersey book of business. The transaction was issued in a single $75m tranche of notes.

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