Bermuda continues to be the place to raise capital, when I did the first public offering of a Bermuda reinsurance company in 1978 we put Bermuda on the Map because the prospectus showed all the advantages of Offshore capital, sent a message on how to raise capital. Converum Re goes out and Imagine Re comes in, so much for stability in the Reinsurance Market.
Bermuda continues to be the place to raise capital, when I did the first public offering of a Bermuda reinsurance company in 1978 we put Bermuda on the Map because the prospectus showed all the advantages of Offshore capital, sent a message on how to raise capital. Converum Re goes out and Imagine Re comes in, so much for stability in the Reinsurance Market.