reinsurance

Zurich has confirmed it is to transfer part of its annuity business, worth approximately £3.7bn in assets, to Swiss Re.

Changes are being made to tax key rules governing life insurance companies which should make it easier to hold reinsurance contracts instead of capital and transfer management of friendly societies to another insurer.

BCCI LIQUIDATORS' £850m lawsuit against the Bank of England dramatically collapsed yesterday at the High Court in London bringing a 12-year legal battle to an end, according to this morning's papers.

Surging petrol prices are expected to drive inflation to a fresh eight-year high according to this morning's papers.

HM Revenue and Customs will no longer apply insurance premium tax on reinsurance of surety bonds or similar products, according to a clarification issued by the department.