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Cayman to fast-track cat bond license approvals

The Cayman Islands has made some changes to its regulatory framework for catastrophe bonds, with a new fast-track license approval process that aims to streamline the issuance of cat bonds registered in the domicile.The Cayman Islands has fallen far behind in the race to attract catastrophe bonds and other insurance-linked read the full article →

PCS working with CSX to develop catastrophe derivatives exchange

In what could prove to be one of the most important developments in the catastrophe reinsurance market in some time, Property Claim Services (PCS) has announced that it is working with the Cayman Islands Stock Exchange (CSX) on an initiative to launch exchange traded catastrophe derivatives on the CSX.Trading in catastrophe read the full article →

Cayman creates new Class C reinsurance entity for catastrophe bond issuers

The Cayman Islands has new legislation in place which it hopes will help it to grow its share of the global catastrophe bond and reinsurance market. Two new classes of reinsurer have been created, and amendments made to the Cayman's immigration policies, as it seeks to attract more of the read the full article →

Cayman stock exchange to make listed catastrophe bonds & ILS tradable

Here’s a fascinating development which could have significant ramifications for the market in catastrophe bonds and insurance-linked securities, particularly in the secondary market trade in Rule 144A securitized notes. The Cayman Islands Stock Exchange (CSX) has told us that it is planning to allow full trading and transfer of any read the full article →

Cayman Islands Stock Exchange now lists $8.5 billion of catastrophe bonds

The Cayman Islands Stock Exchange (CSX) has released some figures on the amount of catastrophe bond programmes and series which are listed on the exchange. The CSX now has over 100 programmes and series listed with a total value of approximately $8.5 billion. The CSX listed its first cat bond, read the full article →

Cayman Islands seeking to attract more reinsurance business

The Cayman Islands are to amend their insurance legislation in an attempt to attract more reinsurance business to the islands. The Caymans are a popular domicile for hedge funds, banks, captives and re/insurers as well as being the domicile home to many insurance-linked securities and catastrophe bond special purpose vehicles.The read the full article →

Bermuda Stock Exchange now lists over $2 billion of insurance-linked securities

The Bermuda Stock Exchange (BSX) have issued a press release announcing that they now play host to over $2 billion worth of insurance-linked securities and catastrophe bonds. The value of ILS listed on the BSX has doubled since July 2010 and this is the first time that the value of read the full article →

Walkers launches dedicated insurance-linked securities legal services team

International finance law firm The Walkers Group have today announced the launch of a new team within its structure who will provide dedicated resource to insurance-linked securities issues and transactions. The Walkers Insurance Linked Securities (ILS) Group brings together expertise from throughout Walkers regarding alternative risk transfer arrangements such as read the full article →

New Cayman Islands insurance law to tighten regulation of cat bond SPV’s

The Cayman Islands government has been working on a new set of laws to govern it's insurance industry and the licensing of insurers and captives on the islands. Cayman has become the main domicile for cat bonds in recent years and plays host to many captive insurers as well. The read the full article →

The catastrophe bonds listed in Bermuda and the Cayman Islands

Having written in the last week about the volume of catastrophe bonds which are listed on the stock exchanges  in Bermuda and the Cayman Islands I thought it would be a good idea to list them out by domicile for your information. We are going to include this information into read the full article →