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London Is Still The Clear Winner In London Vs. Bermuda Contest International Editor

When capital poured into Bermuda last year, there were concerns that Bermuda was gaining primacy, to the detriment of other markets, primarily London. But Bermuda and London have mutually advantageous relationships, observers agree.

While Bermuda is a good place to place insurance capital, it doesnt have the kind of infrastructure that exists in other markets, said Stephen Catlin, chairman of Catlin Underwriting Agencies Ltd., which operates a Lloyds managing agency and last year started up a Bermuda insurance company called Catlin Insurance Co. Limited.

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