bermuda stock exchange

The Bermuda Stock Exchange (BSX) has issued a press release to announce that they have hit a record volume of insurance-linked securities (catastrophe bonds) listed on their exchange. The recent completion of the Munich Re issued Queen Street II Capital Ltd. transaction has taken the amount of cat bonds listed in Bermuda to $1.814 billion.

Munich Re has listed the notes of its recently closed $100m Queen Street II Capital Ltd. U.S. hurricane and European windstorm catastrophe bond on the Bermuda Stock Exchange. This will please Bermuda which is seeking to grow its share of the global catastrophe bond market by offering attractive listing terms to issuers.

In our first interview of 2011 we spoke with Greg Wojciechowski, President and CEO of the Bermuda Stock Exchange (BSX). The BSX is seeking to raise its profile within the insurance-linked securities (ILS) sector and wants to make Bermuda the domicile of choice for listing of catastrophe bond notes. We asked Greg about the BSX’s […]

Bermuda has been trying to catch up with the Cayman Islands as a domicile for the insurance-linked securities and catastrophe bond marketplace after having slipped behind when the Caymans became the domicile of choice. The regulatory and legislative changes that Bermuda have made seem to be having a positive effect as the Bermuda Stock Exchange […]

Flagstone Re have recently completed their third catastrophe bond transaction, Montana Re Ltd. They used their Cayman Islands based SPV Montana Re to issue $210m worth of catastrophe bond notes to secure three years multi-peril cover. The notes from the deal have been listed on the Bermuda Stock Exchange. The BSX press release follows below.

The Bermuda Stock Exchange has been trying to increase the number of catastrophe bond entities which are listed on it for a while now. In recent years the Cayman Islands has been seen as the domicile of choice for any special purpose vehicle which was designed to issue insurance-linked securities but now it seems that […]