The Cayman Islands Stock Exchange has lowered application fees for ILS in response to the lead that it has lost to Bermuda in the space.
Stand-alone issuances will now be charged a fee of $1,250, compared with $2,500 that was previously charged. Programme costs have also halved, from $3,000 to $1,500, while series within the programme have been reduced to $500 from $1,000.
The new fees will take effect from 1 January 2014.
CSX, BSX, ILS, convergence, alternative reinsurance