Swiss Re Insurance-Linked Fund Management

PCS - Emerging Risks, New Opportunities

Queen Street V Re Ltd. cat bond notes list on Bermuda Stock Exchange


The notes from the recently completed Queen Street V Re Ltd. catastrophe bond transaction have been approved for listing on the Bermuda Stock Exchange (BSX). The fifth cat bond from Munich Re in their Queen Street series of transactions, provides them with $75m of cover for U.S. hurricanes and European windstorms. It’s the third new cat bond to list in Bermuda so far this year, with Golden State Re Ltd. listing there in January and Embarcadero Re Ltd. 2012-1 in February.

Appleby Securities (Bermuda) Ltd sponsored the listing of the Notes and has also been appointed ongoing listing sponsor.

James McKirdy, Chief Compliance Officer of the BSX said; “We are delighted to welcome Queen Street V Re Limited Principal At-Risk Variable Notes to the Official List of the BSX. The BSX Listing Regulations for International Issuers of Insurance Related Securities are specifically designed to facilitate the listing of this type of Notes that are offered to institutional and sophisticated Qualified Investors.”

Mr. McKirdy added; “This is yet another issuance of Notes that have taken advantage of the Exchange’s Listing Regulations for Insurance Related Securities and we are extremely pleased to be working with Queen Street V Re Limited, Munich Re and Appleby Securities (Bermuda) Ltd.”

Artemis Live - ILS and reinsurance video interviews and podcastView 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.

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.