Insurance manager Kane subsidiary, Kane SAC Limited had launched a new catastrophe bond platform and issued a $9,523,770 note under the programme, the company has announced.The series 1-2013 notes have been listed on the Bermuda Stock Exchange.“This is the first instance of a series of notes which have been issued by a segregated accounts company being listed on the BSX,” Kane said in a press release announcing the launch.Bermuda exempted company Kane SAC is registered as a Class 3 insurer and as a Class C insurer under the Insurance Act 1978 (as amended) and as a segregated accounts company registered under the Segregated Accounts Companies Act 2000 (as amended).“We are delighted to be able to launch our new catastrophe bond platform by announcing the issuance of the Series 1-2013 Notes,” said Robert Eastham, Managing Director, Kane (Bermuda) Limited.“Our decision to list the notes on the BSX was due to investor demand and means that they are now available in a tradable format, which we feel will significantly heighten their overall value to the investment community.“Moving forward, we see this platform playing a key role in facilitating the flow of smaller transactions into the collateralized reinsurance sector. Our goal is to reduce both time to market and structuring costs by providing a very standardized and efficient means for investors to access the reinsurance markets.”Greg Wojciechowski, President and CEO of the BSX stated: “We are delighted to welcome the Kane SAC Limited Note Program to listing on the BSX. This vehicle joins a prestigious list of almost 60 insurance linked securities that have chosen the BSX as their listing venue of choice.“The Kane SAC Limited Note Program is the first structure of its kind to list on the BSX and underscores the innovative nature of the Bermuda market and how it is evolving to adapt to the needs of its clients. We wish Kane every success with this new program.”