Why Bermuda? | Conyers

conyers.com There are a number of compelling reasons why 75% of Fortune 100 companies have operations in Bermuda. As one of the major offshore jurisdictions, Bermuda facilitates cross-border investment and plays an important role in the global economy. The island provides a neutral, business-friendly platform enabling parties around the world with different laws, regulations and taxes to do business with each other in an efficient and effective manner. Bermuda receives high marks from international standard-setting agencies such as FATF and the OECD compared to other offshore jurisdictions, confirming its standing as a world-class international financial centre and a highly respected place to do business. In the Insurance context, Bermuda – often referred to as the ‘world’s risk capital’ - is renowned as one of the largest insurance, reinsurance and ILS domiciles globally. Bermuda is also a major centre for investment funds, especially alternative funds, with almost all of the top US and European Private Equity groups having either domiciled structures in Bermuda or having interests in Bermuda funds. Additionally, Bermuda is one of the most active jurisdictions for cross-border capital markets transactions, including IPOs and asset-backed securitisations, especially in the aviation and shipping sectors. For decades, Bermuda has been the preferred jurisdiction for many offshore companies listed on the NYSE, NASDAQ, Hong Kong Stock Exchange, Toronto Stock Exchange, and London Stock Exchange. Currently, over 60 Bermuda companies maintain listings on the NYSE or NASDAQ, including companies such as Arch Capital Group Ltd (insurance), Marvell Technology Group Ltd (IT), Nabors Industries Ltd. (oil & gas), Credicorp Ltd. (financial services), and many others across a wide range of industries such as shipping, media, pharmaceuticals, communications, aircraft leasing and biotechnology. In 2020, US$27 billion in capital was raised by Bermuda companies listed on the NYSE and NASDAQ. In total, more than 700 Bermuda companies are listed on various stock exchanges around the world. | Bermuda Why Bermuda? Key Facts of Fortune 100 companies have operations in Bermuda 75 % Bermuda companies maintain listings on the NYSE and Nasdaq 60 over in global gross premiums written annually billion US$100 around such as Axa, Chubb, RenaissanceRe and Hiscox Major insurance players most important reinsurance centres alongside New York and London One of the worldÕs three