Originally Posted by Marcusm

It's certainly not a global finance centre; it has a niche role for offshore banking which is contracting and in future will not have critical mass except for expats. It's insurance activities are limited to group and captive insurance plus hosting regulated entities which have little substance on the island. Beyond that it is a sunny place for trust and similar activity for shady people. It's not global, it's not even a regional centre and it's a backwater that serious skilled professional advisers and financial services staff avoid as it does not offer intellectual stimulation (work wise) nor prospect for serious advancement! (You might see this as harsh but it is brutally accurate.)