Insurer News – Page 456
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Online onlyChaucer/Hanover deal closes
Lloyd’s insurer Chaucer is now part of US insurance group Hanover following the satisfaction of all legal and regulatory requirements of the purchase. As previously announced, the existing Chaucer management team will continue to run the business under its current brand for the underwriting activities of Syndicates 1084 and 1176, ...
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Online onlyCFC proposals a "key step" for insurers
The Treasury’s proposals for reforming the way UK-based companies’ foreign profits are taxed are a “key step forward for the insurance sector, particularly the London market,” PwC has said.Companies will no longer be taxed on profits arising from economic activities genuinely undertaken offshore, in a shake-up of the Controlled Foreign ...
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Breaking NewsAllianz calls for market-wide solution to referral fees
Allianz Insurance chief executive Andrew Torrance has called for a “market-wide” solution to tackle referral fees.The move comes after former justice secretary Jack Straw called referral fees “a racket.”The Information Commission also confirmed today that it has launched an investigation into Straw’s claims that motor insurers who sell clients’ details ...
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NewsAviva won’t go shopping with RAC cash sum
Final sale figure deemed a "fantastic price" by analysts
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AnalysisDaily briefing: Friday - Solvency II: a nightmare made in Brussels
Insurers and regulators in poorer EU states are holding up an already lengthy process to usher in the new directive
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