Beech Hill Securities, Inc., a New York based full-service broker-dealer now has a catastrophe bond trading capability.
We can report that established New York based secondary cat bond market trader Craig Bonder has taken his trading desk operations and team to Beach Hill, expanding the range of asset classes that the broker-dealer has to offer its clients.
Bonder has been trading cat bonds in the secondary market for more than a decade, providing liquidity facilities to a range of clients, from dedicated insurance-linked securities (ILS) fund managers, to direct institutional investors, multi-asset class investment managers and re/insurers.
Bonder began trading in catastrophe bonds as Head of ILS Trading at Rochdale Securities in New York.
In 2012 he left Rochdale to take his cat bond trading desk to Maxim, before moving on to find a new home at AK Capital LLC in mid-2013, where he stayed until this month.
Now, in search of new opportunities and supportive infrastructure to continue growing his burgeoning cat bond trading business, Bonder has landed at Beach Hill Securities Inc.
Secondary market trading in catastrophe bonds is a largely manual process, involving a broker that has sufficient depth of contacts in the market to help in executing trades efficiently and accurately, while ensuring timely trades take place.
Bonder has developed a strong specialism in the catastrophe bond asset class, alongside which he also trades other fixed income products including debt securities, mortgage linked products, whole business securitizations and other esoteric asset backed securities.