NEW YORK--The head of a Bermuda reinsurance company said that "intelligent regulation"--not freedom from paying U.S. taxes--is what has attracted a wealth of capital to the island.
"When you look at regulation in the United States and some other places, you realize how dysfunctional [and] how hostile regulation is outside Bermuda," said Donald Kramer, chairman and chief executive officer of Bermuda-based Ariel Reinsurance, during a keynote speech at an insurance gathering here.
Mr. Kramer spoke at a joint luncheon of the Association of Professional Insurance Women and the Insurance Brokers Association of the State of New York.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 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.