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CEA submits statement

Capitol Hill

The CEA has submitted a written statement to the US House of Representatives Subcommittee to express its concerns over proposals to change the US tax treatment of reinsurance between affiliated entities.

Bill HR 3424, introduced in the US House of Representatives on 30 July 2009 by representative Richard Neal, contains a provision to deny a tax deduction for reinsurance premiums to related foreign

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FCA looking to address issues on claims definitions

Andrew Ruddle, the Financial Conduct Authority’s interim head of the department for insurance market analysis and policy, has said the regulator is looking at addressing issues about different claims definitions within insurance.

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