Lloyd’s set to continue fight for CER relief post-Solvency II
Lloyd's has vowed to fight for tax relief on claims equalisation reserves to be retained beyond the implementation of Solvency II, after its premise was challenged in the Budget.
Insurers currently receive hundreds of millions of pounds in tax breaks on CERs—an additional reserving backstop for volatile lines — but no such provisions exist under the Solvency II regime.
In last
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