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| Bermuda is a leading domicile in insurance and reinsurance. Bermuda hosts thousands of international or ('exempted') companies - corporate entities owned by non nationals. Since September 11, 2001, more than 90 insurance companies have been incorporated in Bermuda, involving more than US$15 billion in new capital. They are exempted from Bermuda's domestic company requirements of being at least 60% beneficially owned by Bermudians. They can trade anywhere in the world except as a local company in Bermuda. | |||||
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