“Greg is always an ambassador for Bermuda and an
ambassador for ILS growth generally. He believes in the
potential of this form of risk transfer to have a massive
positive impact on Bermuda and the world.”
Greg Wojciechowski has been the president and chief executive
officer of the Bermuda Stock Exchange (BSX) since 2002.
Established in 1971, the BSX describes itself today as the world’s
preeminent fully-electronic, offshore securities exchange, offering a
variety of domestic and international listing options.
A full member of the World Federation of Exchanges (WFE), and
an affiliate member of the International Organization of Securities
Commissions, the BSX is globally recognised and renowned and
respected for its commercially sensible listing requirements. With more
than 700 listings to date the BSX describes itself as a leading market for
the listing of investment funds, debt and insurance-related securities, as
well as those of small to medium-sized enterprise companies.
Prior to assuming the role of president and CEO in January 2002,
Wojciechowski was the BSX’s chief operating officer. In this capacity,
he was responsible for the development of the exchange’s regulatory
and operational infrastructure as well as its day-to-day running.
Prior to joining the BSX in 1993 Wojciechowski, over a period of
several years, held management positions at three large US brokerage
firms. During this time his attention was focused on brokerage
administration and operations in international and global markets.
Wojciechowski was educated in the US and received a BA from the
University of North Carolina at Charlotte. He studied international
business at the University of Copenhagen under Denmark’s
International Studies Program and studied French and international
relations at the Université d’Aix-Marseille (Institut Pour Etudiants
Etrangers) in Aix-en-Provence, France. In 1998 Wojciechowski
attended and completed the Young Managers Programme at INSEAD
in Fontainebleau, France.
Wojciechowski is the chairman of Bermuda’s Financial Intelligence
Agency and the past chair and a current committee member of ILS
Bermuda. He is also on the board of directors of the Bermuda Business
Development Agency and is a member of the council of the BSX.
He is on the board of directors of the WFE and is a member of the
governance and nominations committee of that organisation.
The growth of an asset class
Wojciechowski is bullish about the state of the insurance-linked
securities (ILS) market in 2019—and believes Bermuda remains
the natural location for this asset class to continue to evolve and
Speaking to this publication in September, he said the state of the
ILS market had changed substantially in the decade that he’d been
attending the annual reinsurance event at Monte Carlo, and that ILS
was no longer seen as an unwelcome participant in the insurance
Wojciechowski pointed out that ILS rose to prominence as an asset
class partly on the back of the financial depression that gripped
the markets in 2008, as investors looked around for something that
The BSX has seen a wide range of ILS-related investments listed on
the exchange over the past decade, helping to drive its growth and
evolution. Within two years, the exchange had listed 25 structures
with a total value of $3.373 billion. In 2017, the number of ILS listed
securities reached 227, with a nominal value of $25.99 billion.
As one executive says: “Greg is always an ambassador for Bermuda
and an ambassador for ILS growth generally. He believes in the
potential of this form of risk transfer to have a massive positive
impact on Bermuda and the world.
“There is no doubt in my mind that the last five years have been a
key period for the development of this asset class and we will look
back and understand the important role the BSX has played in its
“One day, ILS will be critical to managing risks around the world
and Greg will have had a hand in that.”
BERMUDA’S RISK TRANSFER HALL OF FAME 27