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Originally Posted by 'BusNative
And other regulatory issues, like I said... if it were just about corporate taxes, wouldn't every type of company relocate to Bermuda? Why do you think that it's an insurance haven?
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cash is king.
if i had the choice to pay 2% or 39.6% on my profits were would i put my business? well 2%. insurance is very cyclical in nature much like farming. bumper crops some years and droughts others. us state regulation keeps most regular insurers in the us, or makes them run us based subisdaries. with the high profit margins and correlating loss exposure in reinsurance markets this is an even larger issues.
if i can teach you one thing-cash is king.