Prime Management joins Bermuda Stock Exchange as listing sponsor

by Artemis on May 13, 2011

Prime Management Limited, a Bermuda based independent provider of fund administration services to onshore and offshore hedge funds with a focus on risk-linked securities such as catastrophe bonds, has joined the Bermuda Stock Exchange (BSX) as a Listing Sponsor.

As a Listing Sponsor, Prime now have the ability to sponsor applications for new listings on the BSX of insurance linked securities including catastrophe bonds. They can also act as sponsor for applications to list a range of other securities such as investment funds, other fixed income securities, depository receipts and the secondary listing of equities.

BSX CEO Greg Wojciechowski stated, “We are delighted to welcome Prime to the Bermuda Stock Exchange. We firmly believe that this alliance will further strengthen and enhance our respective lines of business as well as demonstrate the vibrancy and future growth potential of the insurance linked securities market in Bermuda.”

John Whiley, Head of Prime’s specialized collateralized reinsurance and risk-linked investment (“RLI”) services group stated, “Prime is pleased to have joined the BSX as a Listing Sponsor. Prime has been servicing the specialized requirements of investment structures, sponsors and managers in the collateralized reinsurance and RLI market since 2002. Our ability to act as listing sponsor to Catastrophe Bonds and investment structures devoted to the RLI market will greatly enhance the scope of our product offering to our RLI clients and demonstrates our commitment to being the top administrator servicing the RLI market.”

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