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Reciprocal status will make Bermuda on par with the U.S. by allowing Bermundan insurers and reinsurers operate in the market without additional capital requirements. See link.
Congrats to both countries. Bermuda, a majority Afro American country is one of the richest countries in the world per capita.
We call on US Afro Americans to ensure that this agreement becomes a win-win for both countries.