ARTICLE · 12 AUGUST 2003

The Bermuda Insurance and Reinsurance Market

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BermudaInsurance

Rod S. Attride-Stirling

Bermuda is a self-governing British Overseas Territory. Bermuda’s legal system is founded upon the English common law and a final appeal from the Court of Appeal for Bermuda lies to the Privy Council in London. It is tempting for laymen and for English lawyers practising in London to assume that Bermuda law on any point is going to be the same as English law. The short answer is that Bermuda law is the same as English law, except when it isn’t. The devil, as they say, is in the details. For those who have neither the time nor the inclination to consult "The Law of Reinsurance in England and Bermuda"¹, a short overview of some of the important differences will be provided latter in this article.

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