Search
 

Londoners Drawn By Bermuda's Benefits

Lower taxes, rapid regulatory approval, new opportunities spur cross-fertilization

By John Sanders | Updated on March 19, 2006

For over a decade, individual London market insurance professionals have been trickling southwest to work in Bermuda, lured by lower taxes and a kinder climate. Until now, though, most companies here have opted to play it safe and stick with the expertise and breadth of opportunities concentrated in the warren of streets and lanes which constitute London’s financial heartland–known as The City.

That changed late last year when Lloyd’s insurers Amlin and Hiscox set up sizeable new operations in the mid-Atlantic tax haven ahead of January 2006 renewals. They were soon joined by Lancashire, a new company with strong Lloyd’s links and a London stock market listing. Lloyd’s insurer Omega is hot on their heels and others are expected to follow.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.