Swiss Re Insurance-Linked Fund Management

Original Risk: A Society for Change Agents

Market Re Ltd. (Series 2017-1)

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.


Market Re Ltd. (Series 2017-1) – At a glance:

  • Issuer: Market Re Ltd. (Series 2017-1)
  • Cedent / sponsor: Unknown
  • Placement / structuring agent/s: Jardine Lloyd Thompson Capital Markets are structuring agent and bookrunner
  • Risk modelling / calculation agents etc: N/A
  • Risks / perils covered: Florida named storms
  • Size: $65.1m
  • Trigger type: Indemnity
  • Ratings: NR
  • Date of issue: Jun 2017

Market Re Ltd. (Series 2017-1) – Full details:

The JLTCM team has now completed eleven private cat bond, or cat bond lite, transactions using its Market Re platform, which helps sponsors and investors transact insurance risk in securitized form, efficiently.

This latest transaction sees a Florida focused transaction, with the private placement of $65.1 million of Series 2017-1 notes issued by Market Re Ltd., with the deal providing one year of collateralized reinsurance protection for a cedent’s Florida book of insurance business.

JLTCM said that the transaction had one class of notes and was placed with the private capital markets alongside the cedent’s Florida hurricane catastrophe coverage (FHCF), which suggests that the underlying peril is Florida named storm risk.

This transaction was placed with the capital markets as an FHCF replacement layer for the cedent, which will have allowed it to reduce its participation in the FHCF.

Register today for ILS NYC 2023, our next insurance-linked securities (ILS) market conference. Held in New York City, February 10th, 2023.

Artemis ILS NYC 2023 - Insurance-linked securities conference in New York City

Get a ticket soon to ensure you can attend. Secure your place at the event here!

Print Friendly, PDF & Email

« Go back to the Catastrophe Bond Deal Directory

Help us keep this valuable resource up to date. If you have information on a catastrophe bond or insurance-linked security deal we have not covered or can see something that we should change, please contact us to let us know.