New $200mn sidecar Leo Re minted

A $200mn reinsurance vehicle, Leo Re, has listed on the Bermuda
Stock Exchange (BSX) in time for the 1 January renewals.
The listing of the insurance-linked securities took place on 22
December, although the entity behind the listing sponsor, Clarien
BSX Services, could not be established.
The securities are believed to be linked to a new sidecar.
A number of reinsurers list sidecar debt notes on the BSX to
suit investors with a preference for tradeable securities.
Leo Re joins...