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Bermuda backs insurance-linked securities growth through ILS Bermuda
ILS Bermuda says Bermuda’s reinsurance market, specialist service providers and capital-market infrastructure support ILS structures including catastrophe bonds and collateralised reinsurance.
ILS Bermuda highlighted the island’s role in the continued growth of the insurance-linked securities market, which draws on reinsurance capital and expands across products, regions and perils, according to Artemis.
The group, which comprises leading professional organisations across the ILS sector, promotes economic development through growth of ILS and alternative risk transfer in Bermuda, and it also serves as the organising body behind Convergence, the annual ILS networking and education conference taking place this week.
ILS Bermuda said Bermuda remains a leading jurisdiction for the formation, regulation, administration and listing of ILS, citing its established reinsurance market, specialist service providers, a proportionate regulatory framework and capital-markets infrastructure.
It added that those features support a range of ILS structures and vehicles, including catastrophe bonds, special purpose insurers, collateralised reinsurance and sidecars, as well as emerging forms of risk transfer.