BSX CEO bullish on ILS – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

Log In

Reset Password

BSX CEO bullish on ILS

Market-leading Bermuda remains the natural location for the growth and development of the insurance-linked securities asset class, the chief executive of the Bermuda Stock Exchange says.

Greg Wojciechowski was speaking at Monte Carlo Reinsurance Rendez-Vous de Septembre, the annual conference of reinsurers.

Mr Wojciechowski said the ILS market had changed substantially in the decade he has been travelling to the conference, moving from an unwelcome participant in the market to playing a significant role. ILS rose to prominence as an asset class, he said, partly because investors were searching a decade ago for promised returns.

“There are not many asset classes that develop with the attributes that ILS has for investors,” he told Monte Carlo Today, a special edition published by Intelligent Insurer.

“Ten years ago, ILS was an unwanted visitor. People were asking ‘is the capital sticky, is it really good for the market'.

“The market has been tested several times, probably most aggressively over the past couple of years.

“Some no longer call it alternative capital, but rather partnership capital, to the extent that traditional models have really blended.”

Interest in ILS remains strong, Mr Wojciechowski said.

“When you look around the world at some of the global economic developments, the financial markets are lacklustre,” he said. “You're seeing things such as inverted yield curves and negative interest rates.

“Even though ILS has some structural issues that I think are going to be worked through, there is still a yield out there in an ILS asset.

“I'm bullish about Bermuda and its place in the ILS market, as it can benefit from its combination of entrepreneurship in ILS, but also its prudence.”

Upbeat on ILS: Greg Wojciechowski, CEO of the BSX (File photograph)

You must be Registered or to post comment or to vote.

Published September 20, 2019 at 9:00 am (Updated September 19, 2019 at 7:40 pm)

BSX CEO bullish on ILS

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon