Tax
Energy - small operators: Oiling the wheels
Oil and gas is a high-risk industry and insurance prices reflect this. Gordon Patterson explains why this is a problem for smaller operators and what they can do to ensure they are not priced out of the market.
Brightside director joins STM board
Cross-border financial services provider STM Group has appointed Julian Telling as non-executive chairman with immediate effect.
Indonesia signs tax agreement with Guernsey
Guernsey has signed a bilateral Tax Information Exchange Agreement with Indonesia.
Indonesia signs tax agreement with Guernsey
Guernsey has signed a bilateral Tax Information Exchange Agreement with Indonesia.
Guernsey set to see growth in captives
The number of captives domiciled in Guernsey is expected to increase significantly as the implications of compliance with Solvency II become better understood according to Aon.
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.
Government considers NI corporation tax devolution
The government has outlined potential plans to grant the Northern Ireland Executive the power to set its own rates for corporation tax.
Budget 2011: Government CER plans “unclear”
Accountancy advisers Mazars has claimed that government proposals to maintain tax relief on Claims Equalisation Reserves “leaves more questions open than it answers”.
Budget 2011: KPMG backs Osborne measures
Professional services firm KPMG has welcomed the new tax measures laid out in Chancellor George Osborne’s 2011 budget.
Budget 2011: Corporation tax cut by 2%
Chancellor George Osborne has announced that the government will cut corporation tax by 2% in April – up from the 1% cut previously announced.
Forum of Private Business calls for end to Channel Islands tax "loophole"
The Forum of Private Business has called on the government to end the favourable tax regime of the Channel Islands.
Exclusive tax and Solvency II content now available on Insurance Insight
Insurance Insight’s weekly update is now live with an article on how a crack down on tax evasion in the US is impacting European insurers and an in-depth look at the results from quantitative impact assessment 5 for Solvency II.
Exclusive tax and Solvency II content now available on Post Europe
Post Europe’s weekly update is now live with an article on how a crack down on tax evasion in the US is impacting European insurers and an in-depth look at the results from quantitative impact assessment 5 for Solvency II.
Why US Federal Excise Tax matters to Europe
The US Internal Revenue Service is keen to combat tax evasion and is tightening its federal excise tax enforcement procedures. Asher Harris looks at affect FET has on European insurers doing business with US firms and the resultant cascading effect.
Post Europe: Why US Federal Excise Tax matters to Europe
The US Internal Revenue Service is keen to combat tax evasion and is tightening its federal excise tax enforcement procedures. Asher Harris looks at affect FET has on European insurers doing business with US firms and the resultant cascading effect.
Novae: UK corporation tax may force us to redomicile
Novae chief executive Matthew Fosh has said the UK’s economic landscape is set to force the insurer to redomicile, so it can remain competitive and yield bigger returns for shareholders.
EC plans to standardise tax
The European Council’s proposals to standardise taxes across member states could mean fewer insurance companies look to redomicile to countries such as Ireland.
Tax on the City of London a step closer
A new tax on the City of London, controlled by the EU, has come a step closer after Labour MEPs backed a European Parliament call for an EU Financial Transaction Tax, Vicky Ford MEP, Conservative economics spokesman, warned today.
Novae considers move abroad
Novae Group's underlying profit before tax has improved 105% year-on-year to £36.2m (2009: £17.7m).
Interview - Gregorio Santos: A new UK journey for Mapfre
With the purchase of Insure and Go, Mapfre entered the UK direct market in a blaze. Leigh Jackson talks to its UK chief executive Gregorio Santos about his plans to grow the business on these shores.
Firm issues capital allowance advice
Insurance brokers’ clients with commercial properties could be missing out on millions of pounds in capital allowances, according to Portal Tax Claims.
Post Europe: Guernsey’s independence
Guernsey recently made it quite clear it would not be seeking equivalence under Solvency II. Dominic Wheatley examines why the authorities there felt the need to make this declaration and what it means for insurers and captives there.
Editor's comment: Never mind the setbacks
"There's unlimited supply. And there is no reason why". No, I'm not talking about the overcapacity in the UK motor market, but the opening lines to EMI by the Sex Pistols.
Public sector cuts: Risk management savings - a false economy?
The squeeze on public sector spending is about to get tighter. Jakki May examines the ways in which its employees, brokers and underwriters need to get the best out of insurance, without compromising quality.