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ARTICLE · 23 FEBRUARY 2016

Appleby Involved In Two-Thirds Of ILS Transactions In Bermuda In 2015

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Appleby Involved in two-thirds of ILS transactions in Bermuda in 2015

BermudaInsurance
Brad Adderley
Brad Adderley
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International law firm Appleby's Bermuda office acted on more than two-thirds of the island's insurance-linked securities (ILS) transactions during 2015, including traditional catastrophe bonds and a significant volume of collateralised reinsurance deals.

As the ILS sector continues to attract investors and sponsors, outright market growth was again achieved during 2015, ending the year at a record high of $25.96 billion, according to data from the Artemis Deal Directory.

Appleby, which has increased its presence in the global ILS sector in recent times, has revealed that it acted on more than two-thirds of Bermudian ILS deals during 2015, "including the majority of Bermuda's collateralised reinsurance (or 'cat bond lite') transactions."

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