Is Bermuda in the midst of an identity crisis? That's the impression I received after a full day of existential angst expressed during the Professional Liability Underwriting Society's “Bermuda Perspective” conference last week.
Among the short-term threats cited by various speakers was the vulnerability of Bermuda's market should the United States move to level the tax liability playing field, as well as the ability of the island's infrastructure to handle further insurance industry expansion.
U.S. Consul General Gregory Slayton–no doubt emboldened by the fact he will be out the door shortly after the Bush administration is sent packing next January–was polite but blunt in addressing such problems in his opening remarks at the PLUS conference.
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