Walkers Corporate (Bermuda) Limited, a provider of corporate services and unit of the law firm of the same name, has joined the Bermuda Stock Exchange (BSX) as a listing sponsor, with insurance-linked securities (ILS) such as catastrophe bonds just one of the instruments they expect to assist clients with.
Greg Wojciechowski, BSX President & CEO, commented on the news, "We are delighted to welcome Walkers Corporate (Bermuda) Limited as the newest Listing Sponsor of the BSX. We welcome the Walkers practice to Bermuda and look forward to working with the firm going forward.
The Bermuda Stock Exchange (BSX) remains the world's leading location of listing of insurance-linked securities (ILS), from catastrophe bonds to reinsurance sidecar notes, with its ILS listings breaking records in 2017 with $26 billion of transaction volume housed on the Exchange.
Ariane West, Partner of Taylors in association with Walkers said, "We are excited to announce the expansion of our corporate services offering to include listing services on the BSX. Since commencing operations two years ago in association with Walkers, we have expanded quickly and are pleased to be able to further support our capital markets and insurance clients who choose to list in Bermuda.
For some investors a listing can make ILS an even more appealing asset class to invest in. The listing on a recognised exchange, such as the BSX, also assists with secondary liquidity and provides an added level of rigour and transparency for ILS transactions, to the benefit of the asset class.