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Bermuda Carriers Not Expected To Rush Off The Island Despite U.S. Tax Concerns

With U.S. tax and regulatory legislation up in the air for insurers and reinsurers, even if offshore moves adversely affect Bermuda's longtime insurance supremacy, don't expect carriers to abandon the island in droves anytime soon, analysts suggest.

By Caroline McDonald | Updated on October 18, 2009

With U.S. tax and regulatory legislation up in the air for insurers and reinsurers, even if offshore moves adversely affect Bermuda’s longtime insurance supremacy, don’t expect carriers to abandon the island in droves anytime soon, analysts suggest.

Laline Carvalho, director of financial services ratings for North American insurance with Standard & Poor’s, authored a paper in early September looking at re-domestication trends away from Bermuda, titled: “Reinsurer Domicile Of Choice: Where Is It Now?”

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