Computershare has enhanced its insurance-linked securities (ILS) products to support the catastrophe (cat) bond market.
The company will now provide cat bond trustee and paying agent services to insurance and reinsurance companies, as well as asset managers at hedge and other funds.
It further says that the services will aim to align with US business hours to ensure immediate support and same day response times to clients.
The expanded service comes after cat bonds have become increasingly popular with investors, especially in light of enhanced cyber-security risks, the firm says.
Michael Alfano, VP of sales for US Corporate Trust at Computershare, comments: “Supporting cat bonds as a trustee and paying agent is a natural expansion of our current role in the ILS market, and this new collateralised reinsurance product is also part of our ongoing efforts to provide corporate trust clients with enhanced offerings.”
