I commented earlier about the article promoting the Cayman Islands as a centre for cat bond and sidecar issuance. In the interest of fairness it’s come to my attention that the Bermuda Stock Exchange (BSX) has listed the Valais Re programme.
It’s been listed as a form of capital raising for the reinsurer Flagstone Re. Valais Re Ltd the SPV is actually a Cayman Islands company though. The BSX hopes this may draw other issuers to list their deals on their exchange, especially as so many deals originate from reinsurers there.
Full story from the Royal Gazette Bermuda.
Note: Surprisingly you do have to go quite far back in our deal directory to find deals with exempted companies specially domiciled in Bermuda.
View all of our Artemis Live video interviews and subscribe to our podcast.
All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.
Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.