weather risk cat bond

The Jardine Lloyd Thompson Capital Markets (JLTCM) insurance-linked securities (ILS) structuring and issuance team has successfully placed a second weather risk exposed catastrophe bond for sponsor Allianz Risk Transfer, in a $14.5 million Market Re Ltd. (Series 2017-2) transaction.

A new catastrophe bond has been launched which aims to be the first to cover temperature related weather risks since 1999, as sponsor Allianz Risk Transfer seeks $70m of coverage against European winter temperature extremes through a Market Re Ltd. (Series 2016-5) deal.