While multinational insurers struggle to establish global uniformity in regulation, disparities in systems of taxation around the world remains an unproductive factor in determining where carriers do business, industry leaders say.
Some of the biggest names in the business talked about taxation and other key challenges facing the industry last week during a webcast from the World Insurance Forum in Bermuda.
Brian Duperreault, president and chief executive officer of Marsh & McLennan Companies Inc., noted how times have changed in terms of the influence of taxation in insurer decision-making.
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