Quote:
Originally Posted by jimotis4heisman
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.
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Why is this so difficult? Yes, the taxes are lower.
OTHER. REGULATORY. ISSUES. Insurance companies, for obvious fiduciary reasons, are among the most regulated in the U.S. Not so much in Bermuda.