The Bermuda Stock Exchange (BSX) yesterday announced the approval of the listing of three catastrophe bonds with a combined value of more than half a billion dollars.The bonds will be issued through Compass Re, licensed as a special purpose insurer, and will provide protection to Chartis, the property and casualty insurance arm of American International Group.The news provides another boost to the Island’s growing insurance-linked securities business. More than $2.9 billion of ILS are now listed on the BSX.The $75 million bond and two $250 million bonds will become due at January 8, 2015.The Royal Gazette reported on the issuance yesterday, before it was confirmed that the cat bonds would be listed on the BSX.Alex Conyers, of listing sponsor Capital G BSX Services Ltd, said: “It has been a pleasure to assist in bringing another listing of this type to the Bermuda Stock Exchange. The co-operation and assistance of the BSX officers again made it a very smooth exercise.”