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PICC P&C’s Great Wall Re cat bond listed on Bermuda Stock Exchange


The Bermuda Stock Exchange (BSX) has become the listing home for another Hong Kong issued catastrophe bond, with the notes from Chinese domestic insurer PICC Property and Casualty Company Limited’s $32.5 million Great Wall Re Limited cat bond now listed on the exchange.

bermuda-stock-exchange-bsxThe Bermuda Stock Exchange (BSX) continues to be the listing venue of choice for the catastrophe bond market, with issuances that are domiciled in other locations also finding a home there.

In late December 2022, PICC P&C sponsored its first catastrophe bond, with the $32.5 million Great Wall Re providing the insurer a capital markets backed source of reinsurance against earthquake events in China.

Both the Great Wall Re Limited cat bond note program and the single $32.5 million tranche of Series 2022-1 Class A principal-at-risk variable rate notes have now been listed on the BSX.

Which means that the BSX has been the listings home to all three of the catastrophe bonds issued out of Hong Kong so far.

The Bermuda Stock Exchange (BSX), under the strategic guidance of President and Chief Executive Officer Greg Wojciechowski, continues to be the default choice for the majority of catastrophe bond and insurance-linked securities (ILS) listings.

You can read all about PICC P&C’s recently sponsored Great Wall Re Limited catastrophe bond deal in Artemis’ extensive Deal Directory.

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