Tax
Review of the year - Health insurance: Seeds of change
Despite a tough 12 months, and gloom forecast for 2012, the health insurance sector has planted important seeds for future growth this year.
Legal and tax issues top Airmic worries
Global economic and political uncertainty has had little impact on global insurance programmes, the second annual Airmic casualty benchmarking survey has found.
Roundtable - Global programme: Building successful global programmes
Delivering tailored coverage around the world is a boon for multinational insurers. However, keeping up with regulatory demands, both internationally and locally, can be be a strain. Post gathered a group of experts to debate the most pressing issues.
ANIA: tax burden hinders competitiveness in Italy
The Italian National association of insurance companies' managing director Paolo Garonna has lamented during a parliamentary audition that Italy's tax burden is significantly hindering companies' market competitiveness.
Rehabilitation: Providing the carrot
While the use of rehabilitation has made great strides in the past few years, is a more co-ordinated approach with tangible incentives needed?
US Taxation poll result
Will US tax proposals put European insurers off?
BP Marsh boss has ‘multi-million pound war chest’
Brian Marsh of venture capital firm BP Marsh has told Post he has a multi-million pound war chest to buy 20% to 40% stakes in internationally trading brokers.
Fraud occupancy: Occupational hazard
With a decrease in the number of mortgages being approved by lenders, insurers must be alive to a potential rise in occupancy fraud by those looking to buy-to-let.
In series: Lloyd's & London Market: Staying number one
Tightening regulation and a less advantageous tax regime are making it tough for Lloyd’s to retain its pre-eminence, but is protectionism the greater threat?
CEA opposes US tax proposals as barrier to European insurers
The CEA is strongly opposing Bills introduced this week US House of Representatives saying they could lead European insurers to withdraw from the US market.
Lloyd's & London market - Compliance burden: The cost of compliance
With the UK the most costly European country for regulation, could UK-domiciled Lloyd’s and London market brokers really become an endangered species?
Guernsey delegation to promote island in Far East
A delegation from Guernsey will be raising the profile of the island’s finance industry in the Singapore and Hong Kong markets at the start of November.
Charles Taylor Consulting acquires Alico Isle Of Man
Charles Taylor Consulting has agreed to acquire Alico Isle of Man, a closed international life assurance company, with equity shareholders’ funds of £1.8m, from American Life Insurance Company.
Zurich opens compliance database to the broker market
Zurich has confirmed it is to open its compliance and premium taxation database tool to the broker market.
Commission proposes financial transaction tax
The European Commission has outlined proposals for a financial transaction tax across all members of the European Union.
Italy allows variable motor insurance premium tax
Individual Italian provinces now have the ability to vary the insurance premium tax rate of 12.5% on motor vehicle policies, following the country's enforcement of fiscal federalism.
Time is running out to influence VAT exemption debate
A European tax expert has issued a stark warning to insurers stating that they have just 12 months to influence the debate surrounding the EU Commission’s tax review, which could spell the end to a long-held VAT exemption.
Guernsey comes top in domicile poll
Guernsey's position as one of the leading captive insurance domiciles globally has been reinforced by the results of a new study into the sector.
Insurers paid and collected £10.4bn in tax
Insurers paid £10.4bn to the UK Exchequer last year – more than before the recession - figures from the Association of British Insurers and PWC have revealed.
Central Bank publishes new corporate governance code for captives
The Central Bank of Ireland has published its corporate governance code for captive insurance and reinsurance undertakings.
News analysis - Lancashire Tax move: Bringing business back to Blighty
With Lancashire set to move its tax residence to the UK, Amy Ellis looks at proposed reforms to the controlled foreign companies rules and asks whether other insurers may follow suit.
Lancashire to redomicile from Bermuda to the UK
Lancashire Holdings today announced that it plans to move to UK tax residency.
Guernsey removed from US ‘blacklist’
Guernsey’s engagement with Washington has resulted in Democrat Senator Carl Levin removing the island from his ‘blacklist’.
Sferen posts first year losses of €4.8m
Sferen, the mutual group formed by Macif, Maif and Matmut at the end of 2009, has posted its first combined results, a loss of €4.8m.