Bermuda: Article archive
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The Bermuda backlash - View from the Hill - offshore reincorporation draws criticism - Brief Article
William J. HolsteinCEOs contemplating offshore reincorporation as a tax haven are paying heed to clouds gathering in capitals and in Washington that could complicate offshore aspirations.The backlash began when it was disclosed that Enron used subsidiaries in the Caribbean to hide debts and create artificial tax losses. But it was the effort by...
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Henry Keeling: reinsurance and the real world; a Q&A with XL Re's CEO reveals a keen sense of how the insurance world has changed and how a Bermuda-based
Matt DamskerCatching up with Henry Keeling at the recent Bermuda Insurance Symposium wasn't easy. His time for industry chat was measured out in quarters of an hour as he kept moving from meeting to meeting with an intensity one can easily discern in his high-velocity, highly focused conversation. Indeed, ask Keeling a short question and you'll get...
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Back in Bermuda again: After a one-year delay, the biannual Bermuda Insurance Symposium resumed, as industry leaders from on and off the island surveyed
Matt DamskerThe winds were February fierce while the sun played its usual peekaboo with the clouds as the highly anticipated Bermuda Insurance Symposium V--which doubles as the BIS and also as the World Insurance Forum--got under way last month at the island's grand hotel, the Southampton Princess.The mood was uncertain, amid the sudden market...
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Insurance capital of the world? - Bermuda Angle
Roger CrombieIn less than two months after September 28 last year, more than $20 billion was committed to the global insurance industry. This new capacity may be the greatest allocation of capital since the Marshall Plan rebuilt Europe after World War II.In total, $12.64 billion has headed or will be headed to the Bermuda insurance and reinsurance...
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The Flight to Quality - Bermuda Angle
Roger CrombieOctober was the best of times and the worst of times in the Bermuda insurance market, which is experiencing intense activity in the wake of the events of September 11.Ace and XL announced third-quarter net losses of $442.6 million and $840 million, respectively. The losses were expected, with both companies exposed to claims from the...
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