How does Bermuda really work?

So why go to Bermuda?Several new reinsurance ventures have been established in Bermuda over the past year, ranging from 'sidecars' of existing businesses to new operations set up by Amlin and Hiscox. The key development since the last major injection of capital following 9/11 is that a significant proportion of the most recent investment comes from hedge funds and venture capital trusts.It is primarily the speed with which companies can be established to take advantage of market opportunitie