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Bermuda Reports On Stock Exchange Growth In 2017

by Mike Godfrey, Lowtax.net, Washington
10 January, 2018

The Bermuda Stock Exchange stated recently that it retained its title of the global leader and listing venue of preference for issuers of insurance-linked securities in 2017.

James McKirdy, BSX Chief Compliance Officer, said international debt listings grew to 180 securities in 2017, up 55 percent from 116 the previous year, with their nominal value growing from USD2bn to USD4.6bn.

McKirdy reported 103 new ILS securities listings in 2017, with a combined nominal value of USD11.54bn, representing growth of 69 percent in terms of the number of new securities listed in the year, and an 87 percent growth in nominal value. At year end the total number of ILS securities listed stood at 227 securities with a total nominal value of USD25.99bn.

He said the BSX had also listed four new collective investment vehicles, three new equities, and 20 new derivatives. A further nine subsequent issues were also processed by the BSX.

At the end of 2017, the total number of listed securities stood at 865, as compared to 753 in 2016.

Commenting on the 2017 statistics, Greg Wojciechowski, BSX President and CEO, said: "In 2017 the BSX built upon its position as the listing venue of choice for global ILS vehicles. In addition, the significant increase in the number of international debt issuers illustrates that the market is clearly aware of the benefits of listing securities on the BSX and this is creating new opportunities for the Exchange and its listing sponsor community."

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