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Bermuda Premier Vows To Keep Island's 'Low Regulatory Burden' For New Insurers

Characterizing Bermuda as "the hub for the American market," and boasting about having 12 of the world's top-40 reinsurers, Bermuda's premier vowed to keep a "low regulatory burden" for new companies

By Caroline McDonald | Updated on July 06, 2008

Characterizing Bermuda as “the hub for the American market,” and boasting about having 12 of the world’s top-40 reinsurers, Bermuda’s premier vowed to keep a “low regulatory burden” for new companies without sacrificing the island’s successful focus on preventing financial crime.

“Only the Germans and the Americans top Bermuda with premiums written among the top-40 reinsurers worldwide,” Premier Ewart F. Brown told an audience gathered here for the fourth annual Bermuda Captive Conference. “The insurance sector has helped sustain our GDP growth, at 4 percent per annum since 2000–consistent, steady, sensible growth.”

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