Warren, N.J.-based Chubb has joined the fight to eliminate tax advantages for foreign competitors, the insurer's vice chairman said Monday.

“We're working with a coalition of U.S.-domiciled property-casualty companies to urge Congress to amend the U.S. tax code,” said John Degnan, vice chairman of Chubb during an earnings conference call.

The goal was a level playing field with carriers who avoid U.S. taxes by transacting insurance business on shore, and then cede all or most of the premiums to “affiliates in tax-haven jurisdictions,” Mr. Degnan said, noting that Bermuda is just one such haven.

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