One decided to incorporate in Bermuda, the other chose the Cayman Islands. Both offer annuity and life insurance products, both opened for business in 1998 and both immediately went public.
The similarities end there, though, as Annuity & Life Re, which is based in Bermuda and raised $370 million of start-up capital, and Scottish Annuity & Life Re Holdings, which is based in the Cayman Islands and raised $250 million, have enjoyed contrasting fortunes on NASDAQ since opening for business.
Annuity & Life Re/Scottish Annuity & Life comaprison
25 years ago
Topics
Bermuda Cayman Islands Insurance Listed SecuritiesKeywords
Annuity & Life Re Bermuda Insurance Market Scottish Annuity & Life