James Veach Quoted in Business Insurance - October 19, 2009

In an article titled 'Wrynn Renews Push for New York insurance Exchange,' MCWG partner James Veach was quoted with the following:

'James Veach, an insurance attorney with Mound Cotton Wollan & Greengrass in New York, said the time is right for the idea, given the Obama administration's stated interest in stimulating the economy and combating offshore tax havens.

“With throwing billions of dollars here and there...now's the time to invest a little bit in something that would translate into visible jobs,” Mr. Veach said. Operating costs in Bermuda and other offshore areas are high, and a new exchange that offered a comparable marketplace and tax treatment based in New York would be attractive to insurers and reinsurers, he said.' 

To view entire article, please click here.