NEW YORK--The head of a U.S. property-casualty insurer is so incensed about tax advantages foreign competitors have over U.S. counterparts that he's set a personal goal to have the situation changed, he announced last week.
William Berkley, chairman and chief executive officer of W.R. Berkley Corp. in Greenwich, Conn., made these comments at an insurance industry conference in New York last week.
His remarks came during the opening panel of the 18th Annual Executive Conference for the Property-Casualty Industry, after he was asked about the U.S. market impact of competitors in the foreign markets--particularly those in Bermuda--that don't pay the same level of taxes.
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