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Insurance Experts See Good News in UK Budget
Best Europe - Rating Services Ltd. Graham added the budget represents a response to decisions by "a number of companies" in recent years to shift their headquarters out of the ...
Source: BestWire   Date: March 22, 2012
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 BestWeek US Canada, February 20, 2012 edition
Thank you for downloading this week's Edition of BestWeek. License Reminder Your subscription to BestWeek allows you to download and print a copy for your personal non-commercial ...
Source: BestWeek   Date: February 20, 2012
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China's Regulator Places Limits on Cross-Selling Agreements
China Insurance Regulatory Commission. The regulator said it will also reinforce the management of misleading sales of life insurance, the responsibility of insurance companies and ...
Source: BestWire   Date: February 13, 2012
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Tokio Marine Cuts Profit Forecast a Second Time on Tax Developments
Tokio Marine Holdings Inc. cut its net income forecast by 88.9% to 10 billion yen (US$128 million) from the previous forecast of 90 billion yen for the 2011 fiscal year ending ...
Source: BestWire   Date: December 6, 2011
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Perspectives: Insurers Not on 'Supercommittee' Plate, but the Menu Isn't Finished
Committee on Deficit Reduction actually will. The "supercommittee" formed from a debt-ceiling deal in early August is charged with cutting $1.5 trillion from the federal budget ...
Source: BestWire   Date: October 17, 2011
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Neal Bill to Bar Reinsurance Tax Deductions Back in Congress
Robert Menendez introduced a companion bill, S 1693. The bill would close a loophole that allows non-U.S. insurers to benefit, William R. Berkley, chairman and chief executive ...
Source: BestWire   Date: October 14, 2011
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Perspectives: In France, Health Insurance Mutuals Warn Against Plan to Double a Tax on Premiums
Before this year, those policies were not taxed at all. The tax rate on all other types of health policies will rise to 9% from 7%. According to Mutualite Francaise [FNMF], the ...
Source: BestWire   Date: September 6, 2011
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Perspectives: In France, Health Insurance Mutuals Warn Against Plan to Double a Tax on Premiums
Before this year, those policies were not taxed at all. The tax rate on all other types of health policies will rise to 9% from 7%. According to Mutualite Francaise [FNMF], the ...
Source: BestWire   Date: September 6, 2011
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 2011 Special Report: Global Reinsurance – Market Review. Reinsurers Are Ready to Move as the Market Begins to Stir
After years of a soft market, weak investment returns, lukewarm investor interest and sluggish consolidation, hopeful signs are emerging for the global reinsurance industry. The bo...
 Data
Source: Special Reports   Date: September 5, 2011

Bermuda Signs Tax Agreement With Argentina
Latin American market," Cox said in a statement. The agreement with Argentina provides for a full exchange of information on criminal and civil tax matters between the two ...
Source: BestWire   Date: August 24, 2011
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Lancashire: Move to UK Tax Status Reflects Change in Law
The decision by Bermuda-based Lancashire Holdings Ltd. to establish tax residency in the United Kingdom reflects the recent change in the U.K. rules on controlled foreign ...
Source: BestWire   Date: July 28, 2011
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India's IPO Guidelines for Nonlife Insurers Near Approval, But Economy May Quell IPOs
Until then, only life insurers are allowed to go public. Ray said the IRDA is working with SEBI on a proposal for nonlife insurance companies. The regulatory environment for ...
Source: BestWire   Date: June 14, 2011
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Airmic CEO Warns of Spreading Reputational Risks from Media
International Group, Arthur Andersen, BP and the U.K. bank Northern Rock. The research looked at 18 organizations with a combined value of more than $6 trillion. Each had been hit ...
Source: BestWire   Date: June 8, 2011
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Insurer Exits From UK Stir Redomiciling Thoughts Among Brokers
Coupe questioned, for instance, why a U.K.-based broker placing non-European Union energy risk would feel the need to submit to U.K. regulation by maintaining a U.K domicile. ...
Source: BestWire   Date: May 2, 2011
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Reinsurance Tax Shift May Find Vehicle in US Reform Bills
Captive Insurance Council of the District of Columbia. While legislation to address what many see as a tax disparity that benefits non-U.S.-owned companies died at the end of the ...
Source: BestWire   Date: April 26, 2011
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UK Government Seeks to Improve Tax, Regulatory Structures to Keep the City Ahead of Fast-Growing Competitors
This is important for U.K. insurers because the new EU-wide Solvency II regulations favor branch structures over subsidiary structures as they make more efficient use of capital." ...
Source: BestWire   Date: March 28, 2011
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UK Insurance Sector Sees Tax Benefits in Budget
Association of British Insurers, in a statement. George Osborne, the chancellor of the exchequer, told the House of Commons the budget "is about reforming the nation's economy, so ...
Source: BestWire   Date: March 25, 2011
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French Mutual Insurance Advocates Push EU Lawmakers for Recognition of Their Business Model
Parliament members endorsed last November. Such a statute would recognize the unique nature of mutuals and associations as nonprofits that "seek the participation of persons in ...
Source: BestWire   Date: February 28, 2011
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Captives Keep Guernsey at Arms Length From Europe
European Union is scheduled to adopt at the end of 2012. Solvency II represents an attempt to create a capital adequacy structure for insurers and reinsurers throughout the ...
Source: BestWire   Date: February 22, 2011
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Canopius Move Underlines Zurich's Emergence as a Reinsurance Hub
The announcement by Lloyd's insurer Canopius Group Ltd. that it will establish a reinsurance operation in Zurich is further recognition of the Swiss city's emergence as a ...
Source: BestWire   Date: February 22, 2011
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