Tax
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.
View from the Top – What price pan-European regulation?
The increased attention on all aspects of regulation across Europe has the potential to slow down the drive for innovation. Ironically, this comes at a time when technology is making important gains in distribution and the simplification of the insurance…
Editor's comment: Customer conundrum
Cuddly toy or cold hard cash? That appears to be the latest dilemma facing the insurance-buying public.
Tax exemption option could lure back firms
Firms that have redomiciled for tax purposes could consider returning to the UK if a government-driven consultation on corporate tax for controlled foreign companies leads to substantial legislative changes, according to Pricewaterhouse Coopers.
ABI conference: Keynote speaker on the government's economic stance
Bids by the Northern Irish Assembly and the Scottish Parliament to obtain control over tax could have more success of the UK economy fails to improve on the “slow and sluggish” rate of growth that could blight the next few years.
Swinglehurst accounts frozen after tax troubles
Lloyd’s insurer Swinglehurst has had its company accounts frozen after running into tax diffculties, media reports have revealed.
Airmic 2011: A guide to international compliance obligations
A guide to help members ensure their insurance programmes comply with international regulations and tax rules has been published by Airmic.
Large corporate risks - Global compliance: Could a central rules database help?
The global insurance compliance headache for large corporates operating in multiple jurisdictions is only intensifying. Veronica Cowan explores if and how a central rules database could help.
Eight against EU-wide tax base
Eight countries have come out against plans to introduce a standard European Union-wide corporate tax base, following the deadline of 20 May.