Bermuda is growing in importance as a primary, if not the primary, international insurance center. According to a recent publication by Conning Research (see here, here and here), the growth of insurance and reinsurance in Bermuda has accelerated over the last five year in the wake of huge industry losses. A large share of the approximately $25 billion of new capital that has entered the business has landed in new and existing Bermuda companies. The study suggests that the opportunities...