BSX is the world's leading listings platform for Catastrophe Bonds and other ILS structures.  Known as the "world's risk capital", Bermuda is an ideal location for the creation, listing and trading of sophisticated, securitised insurance-related instruments and is the leading ILS, property and catastrophe market globally.

Why List on the BSX

• Globally accredited Exchange 

• Recognised by HMRC and Irish Revenue under the "quoted Eurobond withholding tax exemption" allowing listed issuers to pay interest without deduction of withholding tax 

• Competitive fees

• Experienced team 

• Flexible approach

• Guaranteed timelines

How to List

• Appoint a listing sponsor from the list of approved sponsors who will guide you through the listing process

• Compile and submit key documents (may be in draft form)

• The BSX will review the application and if deemed fit and proper, provide approval in principle

• Submit final documents to BSX

• Approval and admission to listing

Key Listing Documents (see listing regulations for more details)

• Letter of application

• Offering/prospectus document and BSX wrapper if applicable

• Constitutional documents

• Relevant financial information (audited accounts if available)

• Corporate resolutions

• Relevant contracts

• Directors' undertaking and KYC

• Issuer's undertaking

• Sponsor's undertaking

Fees (all fees quoted in US$)

Listing Fees for ILS from 1 April 2024 

• Comprehensive listing fee - $12,500*

• 5% discount option for upfront payment to maturity date*

     *Please see Listing Fee Schedule for further information

Regulations

• Section I - All Issuers

• Section V - Insurance Linked Securities

Announcements and Templates

• Notice 24.01 Guidelines to submitting Issuer Announcements

     The following templates are provided to assist issuers in making regulatory announcements

• Company Announcement Template - General 
• Director Appointment and Resignation Announcement and Associated Email/Cover Letter
• Director Appointment Announcement and Associated Email/Cover Letter
• Director Resignation Announcement and Associated Email/Cover Letter
• Directors Declaration and Undertaking Form
• Delisting of a Security
• Early Redemption of a Security
• Partial Redemption of a Security