NU Online News Service, June 24, 12:28 p.m. EDT

BERMUDA–Despite the economic downturn, Bermuda remains a major player in the global captive marketplace. That was the message delivered by officials at the Bermuda Captive Conference.

Paula A. Cox, Bermuda deputy premier and minister of finance, said Bermuda is an international leader in captives, noting it was among the first jurisdictions to incorporate rent-a-captives.

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