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Chubb Battles To End Bermuda Tax Loophole

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,"

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

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