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Financial markets are showing some signs of volatility these days after exceptionally low indicators since the start of the 2017. The Chicago Board Options Exchange Volatility Index, or Vix, is at its highest level this year. The VVix Index, which me...

A new record of $24.5 billion in insurance-linked securities and other vehicles were listed on the Bermuda Stock Exchange by the middle of the year. The 16 per cent increase on the $21.22 billion listed at the end of 2016 was hit at the end of June —...

A $350 million catastrophe bond that will boost underwriting capacity for Bermudian insurer and reinsurer Axis Capital Holdings has been admitted to listing on the Bermuda Stock Exchange. The BSX also announced on Friday that a €40 million cat bond, ...

The insurance-linked securities market has hit a new high with of nearly $27.19 billion in the first quarter of the year. The figure for catastrophe bonds and ILS features in a report by industry news website Artemis.bm and beat the previous 2016 rec...

US insurer Allstate is behind a new $375 million cat bond to be listed on the Bermuda Stock Exchange. The BSX announced yesterday that the Sanders Re 2017-1 cat bond had been admitted for listing. The bond will cover Allstate and its subsidiaries ag...

Japanese insurance giant Sompo has listed a $480 million catastrophe bond on the Bermuda Stock Exchange. The BSX announced the Aozora Re 2017-1 issuance’s admission for listing yesterday. The bond will provide Sompo with a four-year source of collate...

A Bermudian-based catastrophe bond has passed its attachment point with an impact of more than $195 million at the end of November, it was reported. The attachment point for the $200 million cat bond — the stage at which qualifying losses start to er...

London insurance insiders yesterday admitted that the City lagged far behind Bermuda in its bid to carve out a slice of the lucrative insurance-linked securities business. Draft UK regulations on ILS were issued last month, and the Prudential Regulat...

Two new reinsurance firms were last month registered in Bermuda. The Bermuda Monetary Authority said Bonanza Re, a special purpose insurer, and Transportation Reinsurance Underwriting Company of Kentucky, a Class 3 insurer, were the new November addi...

Bermuda’s reinsurance sector has been stress-tested on its ability to withstand losses from a number of disaster scenarios — and it came through with flying colours. The Bermuda Monetary Authority, the island’s financial-services regulator, this week...

The California Earthquake Authority, through its Bermudian-based special purpose insurer Ursa Re Ltd, has issued a $500 million cat bond to cover earthquake risk in California. The Series 2016-1 Class A notes will run for three years and become due ...

Bermuda Monetary Authority has released its first report to highlight the island’s reinsurance industry’s resilience to major, but improbable, catastrophic events. The Authority’s Catastrophe Risk in Bermuda Report gives a high-level overview of the ...