Insurance - linked securities ( ILS ) firms Horseshoe and Rewire partners have launched Eclipse Re , a bond - making platform that will allow the creation of collateralised bonds . Horseshoe will be the administrator for Bermuda - based Eclipse , while Rewire will provide structuring and reporting . Eclipse will offer investors " a low - cost and efficient way to access the ILS markets " , the firms said . They say the platform will allow sponsors and investors to more easily transform and sell reinsurance securities into an investable and transferable note form .
Insurance-linked securities (ILS) firms Horseshoe and Rewire Securities have launched Eclipse Re, a market-making platform that will allow the creation of collateralised bonds. Horseshoe will be the administrator for Bermuda-based Eclipse, while Rewire will perform structuring and placement. Eclipse will offer sponsors "a low-cost and efficient way to access the ILS markets", the firms said. They say the platform will allow sponsors and investors to more easily transform and securitise reinsurance risks into an investable and transferable note form.