Market Re Ltd. (Series 2016-3)

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

  • Issuer / SPV: 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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