The Bermuda government will propose a new “LLC” structure in 2015 in an effort
to court more alternative asset managers and address the increasing popularity
of Delaware as the domicile of choice for alternative asset firms.
The yet-to-be officially proposed “Bermuda LLC” could also be a significant play
Sarah Street, XL Group’s chief investment officer for over a half decade, is
stepping down from her position to take on a new role to focus on alternative
risk transfer structures.
Street will “assist in the further build-out of other alternative capital
efforts, and continue to lead key-innovation initiatives,