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    London insurers expected to take up Bermuda presence

    More London companies are likely set up offices in Bermuda as the British insurance industry increasingly realises the long-term importance of the island’s market.And more Bermuda-based insurers and reinsurers may also start having their assets managed from the island instead of having them handled overseas.These are some of the views of Bill Bailey, chairman of Bermuda’s newest insurance firm, Terra Nova (Bermuda) Holdings Ltd.