Beazley, XL and Zurich redomiciled in Ireland; UK's bill for Irish bailout up to £15bn
Ireland is under pressure to raise its corporation tax to 18% in return for receiving an EU bailout package of up to €90bn, reports over the weekend said.
The current corporation tax rate is 12%. A number of insurers including Zurich, Beazley and XL redomiciled their tax residency to Ireland, City AM reports.
Under a deal agreed by former Chancellor Alistair Darling, the UK taxpayer could be on the hook for up to £15bn as part of the bailout.
Meanwhile, it was reported over the weekend that Zurich is considering moving its £35bn life unit to Dublin.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
