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John Deuss forms Bermuda rent-a-captive

One of the better kept secrets in Bermuda over the last few years has been the entry into the insurance market of Bermuda-based Dutch oil billionaire John Deuss.Not one for publicizing his business interests, Deuss quietly formed Transglobal Insurance (Holdings) Limited and its operating subsidiary, Transglobal Insurance Limited, in Bermuda on February 22, 1996.