Bermuda: Article archive
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VERMONT ONSHORE VS. BERMUDA OFFSHORE
Moody, Michael JDomicile selection is first step in setting up a captiveThe selection of a captive's domicile is one of the most important decisions involved in a captive feasibility study. And the first critical question that needs to be resolved is "onshore or offshore?" This is such an important issue that it needs to be resolved before any of...
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U.S. foods help cater the Bermuda experience
Angel F. Gonzalez-TrapagaA lot of fancy food is served on this 21-square-mile paradise just 600 miles east of Cape Hatteras, North Carolina.Not surprisingly--due to proximity, U.S. tourists and a blitz of media advertising--$55.6 million worth of U.S. agricultural exports helped fill many plates served on the island in fiscal 2003 (according to the...
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BERMUDA'S EXPANDING SCOPE
Moody, Michael JThe proving ground for alternative risk transfer solutionsFor the past 30 years, Bermuda has established itself as the world's premier captive insurance domicile. Over that time frame, Bermuda has managed to attract and maintain about 1,000 captive insurance companies. And that fact is not lost on the government officials of this...
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Still in the lead: Bermuda, the global leader when it comes to hosting captive insurance companies, held its first annual captive conference in September.
Roger CrombieIt happens every so often, and the response is always the same. Registrations drop off in one or another of the major captive jurisdictions, and the competition at once claims victory. Then, a year or two later, registrations go back up, and everyone else falls silent.Two unexciting years in the Bermuda captive market have led to...
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Bermuda at risk
Roger CrombieIf, as Dorothy Parker said, the two most beautiful words in the English language are "check enclosed," then the two most horrible words would be "claim denied."Yet more horrible words were added to the lexicon in Bermuda in July, however, after the electricity supply failed throughout the island. The COO of the sole...
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