Aon Capital Markets said it has placed a $225 millioncatastrophe bond for Newton Re Limited to cover earthquake andhurricane risks.

Aon Capital, the investment arm of Chicago-based insurancebroker Aon Corp., explained it made a private placement of the $225million catastrophe bond for Cayman Island-based Newton Re, a newlycreated special purpose vehicle. The deal also involved J.P. MorganSecurities in assisting in placing the coverage.

The placements will provide reinsurance coverage toBermuda-based Catlin Insurance Company Ltd. with fullycollateralized catastrophe protection of $87.5 million for U.S.earthquake risk and $137.5 million for U.S. hurricane risk.

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