Business Services Industry
Bermuda addressing limited office space.
Business Insurance, January, 1997 by Souter, Gavin
HAMILTON, Bermuda - The Bermuda government may make an exception to its strict property and land regulations to allow ACE Ltd. and Exel Ltd. to own their own office buildings. The plan is one of several recent office developments involving international companies in Bermuda that are outgrowing their buildings and finding it difficult to locate alternatives in the island's limited commercial real estate market.
Centre Reinsurance (Bermuda) Ltd. is involved in a deal with a local company to build new offices in Hamilton, and Renaissance Reinsurance Ltd. recently moved into a new development on the Hamilton waterfront. The moves reflect the growing international business in Bermuda and the limited office space in Hamilton. ACE and Exel, the holding company for X.L....
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