Insight and Intelligence on the London & International Insurance Markets 24 Apr 2018

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Opinion: The evolution of Bermuda

  • David Bull 13 February 2018
  • Since it emerged out of the liability crisis of the mid-1980s, Bermuda has faced many challenges - perceived or real - to its hegemony as the world's pre-eminent offshore (re)insurance market.

    Naysayers have long pointed to internal factors such as political risk, restrictive infrastructure and a high-cost operating environment as impediments to the island's progress.

    Among the external threats are the perennial attempts by US lawmakers to erode Bermuda's tax advantage and the disruptive forces of the insurance-linked securities (ILS)...

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