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BSX streamlines listings for previously approved insurance-linked securities (ILS) programmes
['Steve Evans']
News on Catastrophe Bonds, Insurance Linked Securities (ILS) & Investments, Alternative Reinsurance Capital from Artemis.bm
The Bermuda Stock Exchange (BSX) continues to optimise its process for listing new insurance-linked securities (ILS), with a streamlining announced that will allow for guaranteed next day listings, with same day possible in certain cases, for previously approved insurance-linked securities (ILS) programmes.
Recall that, the Bermuda Stock Exchange (BSX) remains the main venue for listings of catastrophe bonds and other insurance-linked securities (ILS).
After the first-quarter of 2026, total cat bond and ILS listings on the BSX reached over $68.5 billion, while a figure of $60.9 billion of BSX listed catastrophe and non-cat ILS meant the Exchange accounted for approximately 95% of the market at the end of March.
The move streamlines the process for listing new insurance-linked securities (ILS) issued under previously approved ILS programmes, with guaranteed next business day listing approval and a chance of same day in some cases, as long as relevant documentation is submitted in time and good order.
As well as catastrophe bonds, the BSX also lists preferred notes and shares related to reinsurance sidecar structures, plus mortgage insurance-linked notes and other ILS instruments as well.