US R/I figures show Bermuda surging ahead of Europe
The US Department of Commerce’s latest annual survey of the transactions of. insurers resident in the US with overseas (re)insurers has shown Bermuda continued to gain ground at the expense of UK and other European reinsurers.
The provisional figures for 2004 published in The Survey of Current Business, show that US reinsurance premiums paid abroad rose by an estimated 18.5% to $63.6bn in 2004.
However, premiums paid to
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