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Greg Wojciechowski, chief executive officer of the Bermuda Stock Exchange, examines the growing acceptance of ILS by the capital markets and the role that exchanges can play in the future.
The insurance-linked securities (ILS) market sits at an interesting point in its existence and now has the opportunity to encourage greater capital market participation by providing sorely needed resources to close the extensive exposure gap that exists in insurance markets globally.
In respect of ILS or alternative risk transfer, we are speaking about the convergence of two industries – the re/insurance sector with the capital markets.
Since the Bermuda Stock Exchange (BSX) entered this segment of the market eight years ago, we have sensed the global capital markets becoming more comfortable with ILS as an asset class and as a key part of their investment portfolio.
Ils, Bermuda, London, Greater London, United Kingdom, World’s Risk Capital, Bermuda Stock Exchange, re/insurance, insurance, markets