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ARTICLE · 11 APRIL 2016

No Cat Bonds, We Expect You To Thrive

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Insurance-linked securities could be an alternative to traditional reinsurance, and Bermuda is the place to explore the possibilities, says Brad Adderley of Appleby.

BermudaWealth Management
Brad Adderley
Brad Adderley
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Insurance-linked securities could be an alternative to traditional reinsurance, and Bermuda is the place to explore the possibilities, says Brad Adderley of Appleby

How was last year in terms of ILS issuance and value? Is the market bigger than it's ever been?

The short answer is that 2015 was a very good year. The market is bigger than ever and growing.

From a Bermuda standpoint, 2015 was another year of robust growth from an insurance-linked securities (ILS) issuance and value standpoint. The Bermuda Stock Exchange (BSX) saw a record 58 ILS deals listed, with a capitalisation value of $6.16 billion.

The number of ILS listed on the BSX grew from 118 to 151, a 28 percent increase, while the value of these securities grew to $19.21 billion from $15.91 billion, a 21 percent increase from the same time in 2014.

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