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Asia Sees Growing Demand for M&A Insurance Despite Less 2019 Activity
...Pacific buyers abroad in the first half of 2019. Nevertheless, Asia-Pacific still sees growth in the demand for M&A insurance. Deal makers are increasingly concerned about risks ...
Source: BestWire   Date: September 27, 2019
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IRS Launches Crackdown on Abusive Microcaptives, Offers Settlements
Commissioner Chuck Rettig said in a statement. "We will continue to vigorously pursue these and other similar abusive transactions going forward." The companies are accused of ...
Source: BestWire   Date: September 16, 2019
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Best’s Special Report: U.S. Insurers See Varying Impacts From Tax Reform
Special Report, titled, "Varying Impact of Tax Reform on U.S. Insurers," states that the life/annuity segment's net deferred tax asset balance fell to $26.9 billion in 2018 from ...
Source: Press Releases   Date: September 5, 2019
Best’s Special Report: U.S. Insurers See Varying Impacts From Tax Reform
Special Report, titled, "Varying Impact of Tax Reform on U.S. Insurers," states that the life/annuity segment's net deferred tax asset balance fell to $26.9 billion in 2018 from ...
Source: BestWire   Date: September 5, 2019
Sumitomo Life Sees First-Quarter Loss, Acquires Short-Term Life Insurer Aiaru
June 30, according to the Japanese mutual life insurer. A year ago, Sumitomo Life said it reported net surplus of ¥9.2 billion. In this first quarter, the company posted losses ...
Source: BestWire   Date: September 3, 2019
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 Special Report: Varying Impact of Tax Reform on US Insurers
The Tax Cuts and Jobs Act of 2017 has resulted in a marked decline in deferred tax assets for both the L/A and P/C segments, but a modest rise for the health segment.
 Data
Source: Special Reports   Date: August 29, 2019
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 Special Report: 2018 Statutory Results Generally Favorable for Property/Casualty Insurers
Insured losses above normal in 2018, but results improve after record-setting 2017 natural and manmade disasters.
 Data
Source: Special Reports   Date: June 26, 2019
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EU-ASEAN Business Council Recommends Tax Incentives to Drive Private Insurance Growth
... Geneva Association in a report. "Given huge informal economies and underdeveloped and inefficient taxation mechanisms in many emerging markets, private voluntary health insurance ...
Source: BestWire   Date: June 17, 2019
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China’s Tax Reduction Policy to Benefit Life and Health Writers
...Mattison said "the change today is not totally out of blue." But the magnitude is higher than expected. The impact on companies differs determined by their current commission ...
Source: BestWire   Date: May 31, 2019
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Sompo Net Income Increases 4.9% in 2018 Fiscal Year
America in the previous year, said Sompo. Ordinary profit increased 40.2% to ¥198.9 billion on a consolidated basis for the 2018 fiscal year. Net reversal of catastrophe loss ...
Source: BestWire   Date: May 22, 2019
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EU Removes Bermuda From Tax Compliance Blacklist
News Service, March 12, 2019). At the time, Bermuda officials said the blacklisting was all a mistake. Bermuda Minister of Finance Curtis Dickinson said the omission was a ...
Source: BestWire   Date: May 17, 2019
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US Tax Court Rules Against Syzygy Insurance, Microcaptive Arrangement
Tank & Manufacturing Co., a family-owned Pennsylvania manufacturer of above-ground and below-ground steel tanks. Because Syzygy - regulated by the Delaware Department of Insurance ...
Source: BestWire   Date: April 12, 2019
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Property/Casualty Insurers Oppose Washington Premium Tax Hike
News Service, April 8, 2019). For insurers, the concern is not whether such programs are needed or valuable, but rather that legislators are replacing funds in the state's general ...
Source: BestWire   Date: April 10, 2019
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CBIRC Clears Three Life Insurers to Operate Tax-Deferred Pension Scheme
...Lian Life Insurance Co. Ltd., Pramerica Fosun Life Insurance Co. Ltd. and Union Life Insurance Co. Ltd. - for the protection of consumer interests and industry development. In ...
Source: BestWire   Date: April 2, 2019
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Hong Kong Launches Voluntary Health Insurance Scheme With 25 Insurers
Hong Kong's Food & Health Bureau implemented the program April 1. The plans include guaranteed renewal up to the age of 100 regardless of change in health conditions of those ...
Source: BestWire   Date: April 1, 2019
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West Virginia Governor Approves Measure Removing Taxes on Annuities
American Council of Life Insurers. West Virginia has 352,000 residents age 65 or older, or almost one-in-five residents, it said. It has 614,000 residents in or near retirement, or ...
Source: BestWire   Date: March 29, 2019
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Maryland Appeals Court Rules Against Macy’s Captive in Tax Dispute
Maryland appeals court has ruled against Leadville Insurance Co., a captive owned by retail giant Macy's Inc., in a dispute over whether the company owes $23.8 million in back ...
Source: BestWire   Date: March 29, 2019
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NRRA General Counsel: Captives, RRGs Face Range of Regulatory Developments
Companies Association's International Conference in Tucson, Arizona. View the video version of this interview at: http://www.ambest.com/v.asp?v=myers319 Following is an edited ...
Source: BestWire   Date: March 28, 2019
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Heng An Standard Life Cleared to Establish First Pension Joint Venture in China
Heng An Standard Life Insurance Co. Ltd., a joint venture formed in 2003 between Standard Life Aberdeen and Tianjin TEDA International, has received approval from the China Banking ...
Source: BestWire   Date: March 22, 2019
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Milliman Consulting Actuary: Some US States Target Captives for Increased Revenue
What is your response? The captives aren't trying to move their profits elsewhere? A: Correct. Captives, one of the criticisms in the paper is that captives are...They're not true ...
Source: BestWire   Date: March 18, 2019
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