Bermuda — the next chapter of business
Bermuda continues to exceed expectations at the forefront of the offshore world, demonstrating itself to be a flexible but intelligently regulated offshore centre with excellent service providers and depth of knowledge. The next chapter of business in Bermuda looks bright and ready to meet the emerging challenges of the evolving global economy.
Amidst talk of global economic crisis, the dreaded fiscal cliff and continued thirst for new ways of raising capital, bettering yield, while at the same time lowering risk, Bermuda is a beacon of innovation and sophistication.
Bermuda is one of the world’s leading international financial centres, being a dynamic jurisdiction of choice for insurance/reinsurance, funds, asset finance and international business. Bermuda has one of the highest sovereign debt ratings for an offshore jurisdiction of its size and is the world’s third largest reinsurance market and home to around 950 insurance companies with total assets of US$524.7bn. It has an S&P sovereign foreign-currency rating of AA- Stable and a T&C assessment of AAA. In the second quarter of 2012, funds (including unit trusts) and segregated accounts companies had a combined net asset value of US$184.26bn. The global client base of the jurisdiction includes a majority of FTSE 100/Fortune 500 companies…
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