Insurer News – Page 476
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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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