By MARK E. RUQUET
Lloyd's is feeling competition from markets in Bermuda and Asia, where insurers have less regulation and pay less taxes, according to a study released this summer by a leading reinsurance broker.
Indeed, a large amount of new capital is going to Bermuda, which enjoys "tax advantages and a less onerous regulatory regime," Guy Carpenter & Company--a reinsurance broker and subsidiary of Marsh & McLennan Companies--said in its recent financial and operational report on the Lloyd's market for 2006.
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