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Bermuda Tax Advantage Safe For Now: Fitch

The rating agency presented its conclusion--along with the finding that Bermuda insurers have paid income taxes at a rate roughly 15 points lower than the rate for U.S. companies--in a just-published re

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Bermuda’s advantage as a tax haven is the biggest factor that makes it large on the insurance map, and it’s likely to stay in place for now, analysts at Fitch Ratings said yesterday.

The rating agency presented its conclusion–along with the finding that Bermuda insurers have paid income taxes at a rate roughly 15 points lower than the rate for U.S. companies–in a just-published report on the market.

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