ORIGINAL PUBLICATION HERE
Sponsors and investors showed continued interest in ILS last year, with record-breaking issuance and over $12 billion of new capital brought to market, and the Bermuda Stock Exchange reinforced its position as the ILS listing venue of choice, as BSX president and CEO, and chairman of ILS Bermuda, Greg Wojciechowski explains.
In 2017, Bermuda issued 24 special purpose insurers (SPIs) with reinsurance exposure consisting primarily of cat bonds, collateralised reinsurance and sidecars.
New insurance-linked securities (ILS) listings on the Bermuda Stock Exchange (BSX) totalled 103 securities for the year with a nominal value of $11.54 billion. This represents a 69 percent increase in the number of new securities listed in the year and an 87 percent increase in the nominal value.