Will New Bermuda Startups Survive Over The Long Haul?
The Bermuda reinsurance industry might have appeared to be a brave, new world in the resurgent market spawned by terrorism, but startup companies, awash with capital, will be hard pressed to find commensurate demand.
It remains to be seen whether the newcomers will build on the islands emergence over the past 10 years as a leading center for reinsurance, or whether investor hopes for a quick profit will prove short-lived, even amid hard pricing conditions.
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