A couple of years back, Hiscox were all for Bermuda.
Now they are pulling out and expanding in the US.
What gives?
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Posts tagged as:
Bermuda
Hiscox quit Bermuda for US
by Jolyon on 3 December, 2008
Bermuda in Obama’s sights?
by Jolyon on 6 November, 2008
The new administration, struggling to deal with the largest deficit in over 50 years, will have to look into all sorts of ways to raise revenue and plug perceived holes.
One of those is to tax those evil offshore reinsurers who write US business but then, oh horror, reinsure it in Bermuda, one effect of which [...]
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resources: bermuda
by Jolyon on 11 November, 2006
Well, this looks like an, er, interesting idea.
> ReSources (Bermuda) provides insurers and reinsurers locally and overseas with a range of management capabilities during peak seasons or whenever extra help is required… [It] will provide production, underwriting, and audit services to Bermuda’s insurance and reinsurance sector, and to companies overseas, on an outsourced basis. The [...]
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Class of 2005 caution
by Jolyon on 25 October, 2006
Hello again. There’s an article here from the New York Sun on reasons why shareholders should be cautious about the new wave of reinsurers.
The principal concerns they highlight are those linked factors, rates and capacity:
The primary concern is that reinsurance rates, which popped after Katrina, Rita, and Wilma blew through, may not continue at [...]
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Attractions of Bermuda
by Jolyon on 12 September, 2006
And now Hiscox have moved their ops there, citing an excess of red tape and a 30% rate of corporation tax here as against a more relaxed regime there and, what was it, oh yes – 0% corp tax.
Not everyone is happy:
> Richard Murphy, of Tax Research, said the plans outlined by the insurer showed [...]
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