As the ILS sector continues to attract investors and sponsors, outright market growth was again achieved during 2015, ending the year at a record high of $25.96 billion, according to data from the Artemis Deal Directory.

Appleby, which has increased its presence in the global ILS sector in recent times, has revealed that it acted on more than two-thirds of Bermudian ILS deals during 2015, “including the majority of Bermuda’s collateralised reinsurance (or ‘cat bond lite’) transactions.”

A market high of 49 ILS transactions completed during 2015, notes Appleby, although it’s worth adding here that the Artemis Deal Directory recorded 60 ILS transactions throughout last year, with the difference likely attributable to the inclusion of certain private deals.

The company notes that figures from Artemis show that 75% of ILS transactions completed last year took place in Bermuda, although the Bermuda Stock Exchange (BSX) does report a slightly lower market share, of 67%.

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