This page provides announcements from The Bermuda Stock Exchange (BSX) and regulatory news filings by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.

NB Reinsurance Ltd completes $19.231 million offering on the Bermuda Stock Exchange

04 June 2019

Hamilton, Bermuda – 04 June – Following the listing ofNB Reinsurance Ltd.Insurance-Linked Non-Voting, Redeemable Preferred Shares on the Bermuda Stock Exchange (“BSX”), NB Reinsurance Ltd issued the following statement:

 

 

NB Reinsurance Ltd (“NB Re”), a Class 3 Bermuda insurance company, has completed an offering of 19,231 non-voting preferred shares issued at $1,000.00 per share on the Bermuda Stock Exchange (“BSX”) effective June 3, 2019.

 

NB Re manages a unique insurance-linked securities (“ILS”) strategy that seeks returns that are uncorrelated with traditional asset classes, while providing greater transparency and less counterparty risk than other traditional insurance-related strategies. 

 

“We are pleased to have received approval from the BSX to be able to bring this innovative structure to our clients,” said Charles Mixon, Managing Director of NB Insurance-Linked Strategies.  “We’d like to thank the team members at the BSX for their support in this listing, as well as our various service providers in Bermuda, such as our listing sponsor, Clarien BSX Services, legal advisor, Conyers Dill & Pearman, and insurance manager, Horseshoe Group.” 

 

Alex Conyers, Vice President of NB Re said, “We believe this transaction represents an important milestone with positive implications for the ILS asset class in Bermuda, further cementing its place at the center of convergence for the insurance and capital markets.”

MIAX Logo

Disclaimer and Privacy Policy    Complaints Policy

Copyright © 2024 by Bermuda Stock Exchange. All rights reserved!

Questions or requests for information can be emailed to  info@bsx.com