Computershare, a banking and investor services provider with a footprint in the collateralized reinsurance market, is expanding its insurance-linked securities (ILS) services offering to focus on also providing trustee and paying agent services for catastrophe bonds.
The global financial services company believes that its expertise gained inthe collateralized reinsurance market means it is well-positioned to also provide catastrophe bond services to insurance and reinsurance companies, asset managers at specialist ILS, hedge, pension and mutual funds, as well as to banks and other financial institutions.
The paying agent services are designed to align with US business hours, ensuring fast, same-business day response times, along with personalised client support.
With catastrophe bonds an area receiving growing investor interest, Computershare wants to capitalise on this by expanding its ILS service range.
“Supporting cat bonds as a trustee and paying agent is a natural expansion of our current role in the ILS market, and this new collateralized reinsurance product is also part of our ongoing efforts to provide corporate trust clients with enhanced offerings,” explained Michael Alfano, Vice President, Sales for US Corporate Trust, Computershare.
He added, “Drawing upon the broad experiences and in-depth knowledge of our corporate trust team, we aim to provide top notch services to our clients – and a significant advantage across the US.”
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