Bermuda’s success as a credible insurance and reinsurance market has been due, in the most part, to the unique regulatory system which represents the co-operation of the industry, the legal and accounting professions and the Bermuda regulators.
It is usually possible to establish an insurance company in Bermuda in less than a month. Once it is established, the insurer becomes part of a self-regulating environment which, for example, requires certifications by appropriate officers and professionals connected with the insurer as to its compliance with the applicable statutory standards.
