Home | Business News | Browse by Publication | B | Business Insurance

Tax issues could drive more moves; Reputation, clients also driving decisions on domiciles: Panel.

Publication: Business Insurance
Publication Date: 25-MAY-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Byline: MICHAEL BRADFORD

Insurers and reinsurers with operations in Bermuda must consider several factors, including tax and reputational issues, when weighing whether to redomicile or open offices in other countries, a panel of experts said.

Any efforts by the U.S. government to close tax loopholes that affect insurers and reinsurers in Bermuda could limit the appeal of the domicile and prompt companies to leave, some warn.

Though, if the tax advantages of Bermuda were changed, most insurers and reinsurers on the island could easily redomicile, they said at the 3rd International Reinsurance Summit 2009 held in Zurich, Switzerland, earlier this month.

If insurers and reinsurers see...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from Business Insurance
Replace PGBC leader with pension expert.(Pension Benefit Guaranty Corp..., May 25, 2009
In Brief., May 25, 2009
AIG to replace CEO Liddy, revamp board; New chief will need varied ski..., May 25, 2009

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.