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In past presidential campaigns, one has always heard of the off shoring of American business to Bermuda, expressly for the purpose of dodging American taxes.  What some may not know, however, is that Bermuda really is a corporate business center, according to the University of Calgary.  The following comes from a course description and trip itinerary that particular institution offers:

Bermuda, since the 1970s, has become known as the world’s second most important insurance market. Bermuda’s growth and reputation is due primarily to the facilities available to support alternative risk financing mechanisms other than traditional insurance. Here a variety of new risk management alternatives, as well as new markets post-9/11, are being developed and thriving.

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