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Update: Japan's Consumption Tax Hike Impacts Insurers
...Removes information in the eighth paragraph.) Japan's consumption tax hike is expected to affect insurance companies' earnings, with major insurance groups already taking account ...
Source: BestWire   Date: April 1, 2014
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Changes Expected
United States and nearly 1,000 offshore. Since 1990, more than 30 U.S. jurisdictions have enacted captive enabling legislation and are actively promoting captive business ...
Source: Best's Review   Date: March 1, 2014
 Briefing: U.S. Health - Medicare Advantage Cuts to Drive Adjustments; No Major Exits Expected
Enrollment in Medicare Advantage plans continues to increase as these plans are very popular among seniors, with almost one-third of Medicare-eligible beneficiaries enrolled in a M...
Source: Commentaries   Date: February 27, 2014
US House Tax Reform Package Would Hit SIFIs
Companies that have been deemed a potential threat to the U.S. financial system would face a 3.5 basis-point tax each quarter. To date the only insurers that would be affected by ...
Source: BestWire   Date: February 26, 2014
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 Special Report: U.S. Life/Annuity - Review & Preview. U.S. Life/Annuity Sector Holds Gains as Economy Continues to Strengthen
The U.S. life and annuity sector has maintained strong risk-adjusted capital, generated steady GAAP and statutory operating earnings, improved balance sheet fundamentals and enhanc...
 Data
Source: Special Reports   Date: February 10, 2014

New Rules For the New Year
United States to further centralize and federalize insurance supervision. The next assessment could very well view the creation of the Federal Insurance Office and the Federal ...
Source: Best's Review   Date: January 1, 2014
AHIP Praises Legislation Delaying Health Insurance Tax
Insurance Plans president and chief executive officer. Rep. Ami Bera, D-Calif. and Rep. Charles Boustany, R-La., introduced the Small Business and Family Relief Act, which would ...
Source: BestWire   Date: October 30, 2013
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 Special Report: U.S. Surplus Lines - Segment Review. Surplus Lines Results Stumble Amid Sandy Losses, but Premium Growth Continues
Surplus lines insurers in 2012 posted one of the worst years overall in recent memory, as the underwriting performance of U.S. domestic and domestic specialty surplus lines compani...
 Data
Source: Special Reports   Date: September 23, 2013
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 Special Report: U.S. Life/Annuity - Issue Review. Economic and Regulatory Climate Can Alter Life/Annuity Product Creditworthiness
Since A.M. Best issued its first report on product creditworthiness in April 2008, the U.S. life/health industry has expanded its array of product offerings. These innovations were...
Source: Special Reports   Date: August 15, 2013
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Berkley: Obama's Tax Proposal Could Spell End of Tax Breaks for Foreign Affiliates
United States," Berkley said. "It effectively means our after-tax margins are one-third less than the people we compete with, our cost of capital is one-third higher. Over time, ...
Source: BestWire   Date: August 7, 2013
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Kusaila: Lack of Talent Could Impact New Captive Domiciles
Saslow Lufkin & Buggy, based in Avon, Connecticut. He also told BestWeek the captive industry is working to get clarification that the Dodd-Frank Act does not apply to captives. Q: ...
Source: BestWire   Date: July 10, 2013
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 Special Report: U.S. State Compensation Funds – Segment Review. State Funds Report Second Year of Increased Net Premiums Written in 2012
State workers compensation funds reported a second year of increased net premiums written in 2012, buoyed in part by a hardening market, improved economic activity and the likeliho...
 Data
Source: Special Reports   Date: July 8, 2013
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Bill to End Tax Breaks for Foreign Affiliates Introduced in Congress
President Obama supports an end to the tax breaks. In his April 10 budget proposal, the president said ending the tax breaks would cut $6.2 billion from the federal deficit by ...
Source: BestWire   Date: May 22, 2013
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 Briefing: Global Reinsurance – A.M. Best to Monitor Implications of Offshore (Re)Insurance Tax Plan
President Obama’s budget includes a proposal to end some tax benefits enjoyed by most international (re) insurers doing business in the United States. A.M. Best does not believe th...
Source: Commentaries   Date: April 17, 2013
NIMA Offers States Free, One-Year Membership
News Service, May 25, 2012). Insurance regulators were initially optimistic about NIMA after a series of states signed on in 2011. But since then, NIMA has been beset with ...
Source: BestWire   Date: April 12, 2013
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Guernsey Seeks Middle East Financial Path Through Tax Agreement With Qatar
Persian Gulf state of Qatar. "Signing a DTA with Qatar is another important step in diversifying the business base of Guernsey's finance industry," said Fiona Le Poidevin, chief ...
Source: BestWire   Date: April 3, 2013
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Limra: US Life Insurance Sales a Few Years Away From 2007 Peak
Durham said, noting this moderate growth is related to the U.S. economic forecast. Limra expects the low but positive growth to continue over the next few years as interest rates ...
Source: BestWire   Date: March 21, 2013
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Hong Kong Seeks to Energize Captive Insurance Market With Tax Cut
Singapore in attracting such potential insurance business. He sees the tax incentive as a breakthrough for Hong Kong's effort to develop into a more comprehensive insurance sector. ...
Source: BestWire   Date: March 5, 2013
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Waiting for a Decision
The individual state tax statutes were not affected. However, some states, per Dodd-Frank, have sought to retain all direct procurement tax (even with respect to risk in another ...
Source: Best's Review   Date: March 1, 2013
Update: 'Fiscal Cliff' Tax Deal Receives Positive Insurance Industry Reviews, With Caveats
Congress will hit a number of IIABA members with higher taxes. But he said the situation could have been worse had Congress approved Obama's original proposal or had all of the ...
Source: BestWire   Date: January 10, 2013
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