Bermuda Market Becomes All-Purpose Player Luck says its anything but luck that has put island on long-term growth track
Bermuda, long acknowledged as the world's premiere captive haven and a supplier that rises to the occasion when coverage availability is lacking, has matured into a full-service player that can compete head-to-head against older markets around the world in both standard and specialty lines, one leading executive on the island paradise contends.
"Why are businesses coming and staying in Bermuda? It has developed a very solid reputation in terms of both regulation and the infrastructure," said Fiona Luck, an executive at the Hamilton, Bermuda-headquartered XL Capital, at a recent gathering in New York.
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