Horseshoe Corporate Services has signed up as a listing sponsor on the Bermuda Stock Exchange.

Andre Perez, CEO of Horseshoe Group, an independent insurance manager and adviser, said: “Horseshoe is excited to support the further development of the BSX by listing innovative ILS structures available to global clients.

“This new enhancement to our already broad capabilities reinforces our position as the leading independent service provider, insurance manager and fund administrator to both the ILS and alternative fund marketplace.”

Greg Wojciechowski, chief executive officer of the BSX, said: “What makes this development particularly exciting is Horseshoe’s focus and prominent industry position in supporting the international insurance-linked security asset class.”

He added: “With over 175 ILS vehicles with an aggregate market capitalisation of nearly $22 billion, the BSX has emerged as the global leader for the listing of ILS vehicles and working with Horseshoe is just a natural progression to further supporting this asset class during its continued development.”

Bermudian-based Horseshoe has offices in the Cayman Islands, Ireland and the US.