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Cat bond and ILS listings on the BSX exceed $30bn for first time


The total number of catastrophe bonds and insurance-linked securities (ILS) listed on the Bermuda Stock Exchange (BSX) hit 302 at the end of 2018, representing a combined value of $30.92 billion, a new high for the Exchange.

BSX Bermuda Stock Exchange logoArtemis discussed previously that the BSX had continued to grow its amount of cat bond and ILS listings in the first four months of 2018, adding a further 44 securities with a combined value of more than $4.8 billion.

Now, data provided by the BSX shows that from the end of April to the end of December 2018, the number of cat bond and ILS listings active on the exchange increased by 53 to 302.

Overall, the 302 cat bond and ILS listings on the BSX amount to a combined value of $30.92 billion, which is growth of roughly 10% from the end of April 2018, and growth of almost 19% from the end of 2017, in terms of the total value of listings.

As shown by the Artemis Q4 and full-year 2018 catastrophe bond and ILS market report, issuance once again broke records in 2018, helping the BSX grow both the number and value of its listings.

Greg Wojciechowski, President and Chief Executive Officer (CEO) of the BSX, said: “We’re delighted with passing the new milestone in terms of ILS instruments listed on the BSX, which further underscores the global ILS market’s trust and reliance in our Exchange.

“Bermuda’s longevity in the insurance and reinsurance sector creates a critical mass of experience and entrepreneurial capacity to work with the industry as industry changes occur to provide new commercial solutions and platforms. Our commitment to the development of the ILS asset class continues.”

As the catastrophe bond and ILS market continues to expand its remit, Bermuda is benefitting from its ability and position as an international hub for ILS business, and the island continues to attract new vehicles and capacity.

“We will continue to serve the global ILS market’s needs and look to find new ways to leverage Bermuda’s unique geographic location and well-respected regulatory environment continues to add value to our commercial platform and the clients we serve,” added Wojciechowski.

You can view the details of almost every ILS security listed on the BSX in the Artemis Catastrophe Bond Deal Directory and Sidecar Directory.

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All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.

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