Premier Paula Cox yesterday hailed comments to The Royal Gazette by Fitch Ratings senior director of insurance Brian Schneider.“The naysayers often point to other jurisdictions and undermine Bermuda at every turn, but, when independent experts like Fitch praise Bermuda’s strong regulatory environment, you know that we’re doing something right,” Premier Cox said in a statement issued by the PLP.“Don’t take our word for it — Fitch is the one that says that Bermuda has ‘a lot of positive factors’ working for us. They note the business that’s been attracted to Bermuda during the tenure of a PLP government that has strengthened our regulatory environment.“These remain difficult times around the world, but, when Fitch gives such high praise to your regulatory environment just days before a new reinsurer chooses to locate in Bermuda, it’s clear that sure and steady progress is being made.”At the annual reinsurance get-together in Monte Carlo, Mr. Schneider told The Gazette: “On a net basis, I think Bermuda stands to gain from having greater regulation … As a company, you don’t want to be viewed as being in a regulatory environment that’s poorly managed.”