Bermuda Stock Exchange boosts its ILS dominance royalgazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from royalgazette.com Daily Mail and Mail on Sunday newspapers.
Bermuda Stock Exchange Reports Record-Breaking Success For 2020 - Miami International Holdings Completes Acquisition Of BSX, Creating Opportunity And Promise For Bermudaâs Domestic Capital Market Date
BSX demonstrates resilience in response to COVID-19 pandemic
Another record-setting year for ILS listings
Exchange upholds its commitment to the continuing development of Bermuda’s domestic capital market
The Bermuda Stock Exchange (the Exchange or BSX) today released results for the year ending 31 December 2020, continuing its ongoing history of both product and technological innovation.
In making the year-end announcement, BSX President and Chief Executive Officer Greg Wojciechowski said, “It was an active and significant year for the BSX, which included its continued integration into Miami International Holdings, Inc.’s (MIH) group of securities exchanges. MIH obtained a controlling interest in the BSX in late 2019 and full ownership at the end of 2020. This
First Published in Bermuda Finance Magazine, December
2020
Bermuda remains the world leader in the ILS space. But as the
sector grows and evolves, it must stay vigilant and continue to
innovate to retain that position. Eight executives prominent in
this space met virtually to debate these issues in a virtual
roundtable.
HOW WOULD YOU CHARACTERISE THE HEALTH OF BERMUDA S ILS
SECTOR?
Craig Redcliffe: Bermuda has been a major player in
insurance-linked securities (ILS) over the years and we see
continued growth in the sector. It s important to EY and
it s important for the jurisdiction.
Greg Wojciechowski: The Bermuda Stock Exchange (BSX) has worked
US company acquires 100% ownership of BSX royalgazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from royalgazette.com Daily Mail and Mail on Sunday newspapers.
Miami International Holdings Acquires 100% Ownership of The Bermuda Stock Exchange
PRINCETON, N.J. and HAMILTON, Bermuda, Dec. 18, 2020 /PRNewswire/ Miami International Holdings (MIH), the parent holding company of MIAX
, and the Bermuda Stock Exchange (BSX) today announced that MIH has acquired 100% ownership of the BSX. MIH previously announced the acquisition of a majority interest in the exchange in November 2019. The BSX will continue its operations as a wholly owned subsidiary of MIH.
This acquisition aligns directly with MIH s corporate strategy, allowing the company to expand its world-class technology, derivatives trading and regulatory expertise to address emerging markets, such as digital assets, and provide the BSX with additional support in the evolving global (re)insurance risk market.