The Bermuda Stock Exchange (BSX) has become the listing home for another Hong Kong issued catastrophe bond, with the notes from Chinese domestic insurer PICC Property and Casualty Company Limited’s $32.5 million Great Wall Re Limited cat bond now listed on the exchange.
The Bermuda Stock Exchange (BSX) continues to be the listing venue of choice for the catastrophe bond market, with issuances that are domiciled in other locations also finding a home there.
In late December 2022, PICC P&C sponsored its first catastrophe bond, with the $32.5 million Great Wall Re providing the insurer a capital markets backed source of reinsurance against earthquake events in China.
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