Lloyd's sets out FATCA implications for market

Full impact of US law unclear yet but it will bring reporting and withholding tax burdens


Most insurers want one accounting regime

Half of survey respondents want US to adopt IFRS


IASB must maintain focus on insurance

Lack of consistency in insurer reporting is problem, says KPMG


UK insurers face void in accounting guidance

New IASB standard may not be finalised until 2014, says PwC


AIG reports profit from tax boost

Full-year $17.8bn profit almost equal to $17.7bn fourth-quarter tax benefit


Swiss Re sings praises of embedded value framework

Sigma study addresses best way to judge a life company's earnings and sustainability


Munich Re posts profit despite €4.5bn of cat losses

Results boosted by tax gain but RORAC dives


Recognise importance of tax in pillar 1

Quantification of tax under pillar I of Solvency II poses challenges such as tax methodology, data quality and the need for a fully integrated tax process. Tax teams therefore need to be fully involved in the development of the Solvency II operating model, as Martin Bradley from Ernst & Young explains


CEA attacks EU financial transaction tax

Federation says Tobin tax not in insurer interest


CFC rules "game-changer" for UK insurance

But tax deduction repeal means £500m bill