Endurance Specialty Holdings CEO David Cash said his company is still very committed to Bermuda and believes that rivals who have redomiciled to Europe may come to regret their moves.Mr Cash said that while the benefits of doing business in Bermuda outweighed the cost of redomiciling to a rival jurisdiction and the market was still there Endurance had no plans to leave.In an interview with The Royal Gazette, he also said that he was cautiously optimistic about the implementation of Solvency II and Bermuda getting equivalence, while he believes that the Island is a low crime jurisdiction despite the recent escalation in offences over the past few months.“If you are a Bermuda domiciled company today and you somehow feel there is an external threat to Bermuda, then you might want to re-domicile your company,” said Mr Cash, one of few Bermudians to have reached the top job among the Island’s major commercial re/insurers. “That said I see no current threat to Bermuda so great that re-domiciling makes sense and in the longer run I see no strategic advantage that accrues from being quick off the mark to make such a change.“In fact quite the converse, I think there is a chance that companies that have already redomiciled may ultimately wish they had not done so.”He said that each company has its own philosophy and personal issues and reasons for moving or staying, often depending on whether its executives wanted to be based in the US.“You have to be sure that the benefits outweigh the costs of moving and I believe that for Endurance the benefits do not outweigh the costs,” he said.Mr Cash said that Bermuda had a number of advantages over its competitors and over the past 10 years had evolved into a stronger, bigger and more prominent marketplace.He said that re/insurance accounted for about 90 percent of the jobs in the Island’s international business sector and generated the lion’s share of work for the service providers, adding that he didn’t see that changing in the future.Dismissing any threat from any other emerging market to Bermuda’s prosperity in the short-term, Mr Cash said that some parent companies had taken the decision to relocate to places such as Ireland and Switzerland, but warned that any such move would have to represent a cost benefit.“You have to be sure that the benefits outweigh the costs of moving and I believe that for our company the benefits don’t outweigh the costs,” he said.On the issue of Solvency II, Mr Cash said that while the deadline for its introduction appeared to be slipping, he was in favour of such regulation if implemented in the right way.“I think an enhanced solvency regulation, provided that it is on a level playing field, is generally good for Bermuda,” he said.”In general having global regulators ask companies to hold more capital will drive increased demand for our local reinsurance product.”He said that so long as Solvency II focused on being an enhanced regulatory regime and didn’t become too political, it stood to serve Bermuda well given the high level of regulation the Island’s insurers were subjected to and the work the Bermuda Monetary Authority had done so far in order to meet the new standards.“We are not out of the woods yet, but we should be proud of what we have achieved as an industry and a nation,” he said.Turning to the rising tide of crime which has spread through Bermuda lately, Mr Cash compared the Island to Manhattan where he spent some time living and working, pointing out that the two were like “night and day”, with hundreds of people killed on the streets of the oldest borough of New York every year.He said that while people were fully aware of the challenges faced with crime locally, it was much safer and more comfortable than other places and he did not share the concerns of some others about the issue.Citing Endurance as an example of Bermudians being successfully integrated into international business, Mr Cash said that 70 percent of his firm were Bermudian or spouses of Bermudians holding positions throughout the company, with non-Bermudians being hired to fulfill some of the more technical roles, similar to many of his counterparts in the sector whose workforce is two-thirds Bermudian.