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BRIEF-Jardine Lloyd Thompson launches $180 million private placement catastrophe bond
February 13, 2017 / 10:45 AM / 9 months ago

BRIEF-Jardine Lloyd Thompson launches $180 million private placement catastrophe bond

Feb 13 (Reuters) - Jardine Lloyd Thompson Group Plc:

* Pleased to announce Skyline Re 2017-1, a $180 million private placement catastrophe bond which closed on February 7th, 2017

* It will provide three-year, indemnity-based collateralized catastrophe reinsurance coverage, consisting of two classes, for cincinnati insurance companies

* Class 1 covers earthquake loss only, and class 2 covers both earthquake and severe convective storm loss, which are on a per-occurrence and aggregate basis, respectively Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

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