Bermuda: Paradise for Business - The Banker


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Steady in the storm

Bermuda’s insurance market remains buoyant despite huge payouts after the hurricane season. This is just one of many reasons why the country is so attractive to financial services firms, reports Mairi Mallon.

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Changes are afoot

Relaxation of Bermuda’s foreign ownership laws is boosting the island’s bank sector, reports Mairi Mallon.

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A fair exchange

Bermuda’s stock exchange is tightening regulation to fit in with international guidelines.

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E-paradise found

Michael Scott: fostering e-business deployment

Bermuda has made great strides since the late 1990s on the e-commerce front. Michael Scott, the island’s telecommunications minister, outlines his policy vision.

Bermuda’s recently appointed minister of telecommunications and e-commerce, Michael Scott, is not banking on another dot-com gold rush, predicting that the growth of e-business will be a gradual process. He also believes that it is the government’s responsibility to create an environment that is conducive to private sector development and fosters customer appetite for products and services.

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