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.

Bradley Kading, president and executive director of the Association of Bermuda Insurers & Reinsurers, aired that view this week in response to a question posed to him during a joint luncheon of the Association of Professional Insurance Women and the Insurance Brokers Association of the State of New York.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.