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Buyers Will Keep Bermuda Tax Breaks Alive, Says Lobbyist

NEW YORK--U.S. commercial insurers' efforts to have Congress eliminate tax advantages for Bermuda insurers will be blocked by insurance buyers who have thwarted them in the past, a lobbyist suggested h

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NEW YORK–U.S. commercial insurers’ efforts to have Congress eliminate tax advantages for Bermuda insurers will be blocked by insurance buyers who have thwarted them in the past, a lobbyist suggested here.

Insurance buyers groups have successfully struck down efforts by U.S. commercial insurers to get Congress to remove tax advantages enjoyed by Bermuda competitors, and they’ll probably do so again, a lobbyist suggested here.

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