Latest News – Page 1281
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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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AnalysisDaily briefing: Friday – stuck in the middle
Novae is not the only one looking to scale up in order to access the public markets, but wannabe floaters shouldn’t expect to be the next JLT
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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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Online onlyStraw: referral fees are 'parasites'
Jack Straw has branded the referral fee system as a “parasite” on motor insurance industry. Speaking in yesterday’s first House of Commons debate on the Legal Aid, Sentencing and Punishment of Offenders Bill, the ex-justice secretary said that since he called for a ban on the controversial practice earlier this ...
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Online onlyTreasury unveils new foreign profits tax rules
The Treasury has published its proposals for reforming the way UK-based companies’ foreign profits are taxed. Under a shake-up of the Controlled Foreign Company rules, announced today, companies will no longer be taxed on profits arising from economic activities genuinely undertaken offshore. The proposed regime also exempts foreign profits where ...
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