Bermuda Partner Sarah Demerling recently contributed to
hedgeweek's special report 'Bermuda Fund Services 2019'
discussing Bermuda's Insurance Linked Securities
(ILS).
Bermuda's ILS marketplace has proven to be resilient over
the years. The Bermuda Stock Exchange (BSX) has significantly
outpaced other global markets and now lists more than 300 insurance
linked securities, collectively representing USD30.92 billion, with
international debt listings climbing 20 per cent in 2018 to 201
vehicles.
"The ILS marketplace has again proved its resilience.
This was further reinforced last year with additional natural
catastrophe losses, yet investor appetite remained strong. The
capacity is still there and existing ILS managers are putting in
more assets. We also see new ILS managers coming to market, so
notwithstanding the fact that the ILS market has been tested (by
loss events), it would still appear to be following a growth
trajectory," says Demerling, Partner in