Insurance and Tax Challenges for Multinational Companies: Experts Offer Strategies to Overcome Compliance and Tax Issues for Chicago Companies

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Feb 20, 2014, 04:40 ET

CHICAGO, Feb. 20, 2014 /PRNewswire/ -- More than ever, multinational companies face a myriad of cross-border insurance issues ranging from the movement of insurance proceeds between countries to local insurance compliance regulations.

On February 26, Tim Higgins, Executive Vice President-International for insurance broker Lockton, will join other experts from KPMG and Zurich Insurance in Chicago to discuss the insurance and tax issues multinational companies must face today, and how they can create cohesive and consistent approaches to manage those issues.

"Insurance & Tax Considerations for the Multinational Company"

Date: Wednesday, February 26, 2014
Location: JW Marriott (151 West Adams Street, Chicago)
Time: 9-11 a.m. (breakfast will be included)
RSVP: http://bit.ly/1iXekCd

Tim Higgins plans to examine the real tax considerations multinationals face today and offer solutions they can use when moving insurance proceeds (such as claim payments) from one domicile to another. Additionally, he will discuss how global companies can structure their insurance programs to ensure compliance with local regulations.

Barbara Russo, Head of International Programs for Zurich, and Craig Pichette, Partner and Insurance Tax Sector Leader for KPMG will join Higgins on the panel. Russo will provide an overview of the insurance market and compliance, while Pichette will provide insight on the tax considerations involved in moving revenues from one country to another.

More than 4,900 professionals at Lockton provide 35,000 clients around the world with risk management, insurance, and employee benefits consulting services that improve their businesses. From its founding in 1966 in Kansas City, Missouri, Lockton has attracted entrepreneurial professionals who have driven its growth to become the largest privately held insurance broker in the world and 9th largest overall. Independent researcher Greenwich Associates has awarded Lockton its Service Excellence Award for risk management for large companies. For five consecutive years, Business Insurance has recognized Lockton as a "Best Place to Work in Insurance." To see the latest insights from Lockton's experts, check Lockton Market Update.

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