Chaucer redomiciliation likely over tax fears
Chaucer has indicated that high corporation tax in the UK could force it to redomicile to Switzerland, Bermuda or Ireland in 2011, despite posting an increase in profit of £134.8m for 2009.
The Lloyd's insurer posted a profit before tax and foreign exchange on non-monetary items of £75.3m, up from a loss of £59.5m in 2008.
Bob Stuchbery, Chaucer chief executive officer, said: "It is
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