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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, such as longevity / mortality derivatives and other indices and financial instruments will be developed in line with market demand.

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For transaction execution and further information please Email the ICAP/JLT Team via the Contact Us page, or contact them direct using the following information:

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