Catastrophe Derivatives
ICAP plc and JLT Group plc have formed a joint venture to establish an ‘insurance based’ derivatives and securities broking platform.The joint venture combines JLT´s (re)insurance and ‘cross-market’ capabilities with ICAP´s capital markets´ capabilities in order to develop a customer focused business providing capital markets´ solutions to the (re)insurance market. Ultimately, the joint venture´s aim is to develop a leading position in broking insurance based financial instruments.
Initially ICAP-JLT will focus on broking catastrophe products including Catastrophe Swaps and secondary market cat bond securities. Further products, other indices and financial instruments will be developed in line with market demand.
For transaction execution and further information please e-mail or call the ICAP/JLT Team:
Jonty Camsey +44 20 7000 5463 jonty.camsey@icap.com
Rob Turner +44 20 7000 5221 robert.turner@icap.com
Jeff Gale +44 20 7000 5225 jeff.gale@icap.com
Visit the Catastrophe derivatives website at www.icapjlt.com for additional information.