A Safe Harbour in Times of Significant Stress

The Bermuda Stock Exchange (BSX) has come a long way since it started working in the insurance linked securities (ILS) space ten years ago. Within two years, the exchange had listed a respectable 25 structures with a total value of US$3.373 billion. In 2017, the total number of ILS listed securities reached 227, with a nominal value of US$25.99 billion.