Insight and Intelligence on the London & International Insurance Markets

9 February 2012

Double boost for Lloyd's insurers in '09 UK Budget

22 April 2009

Lloyd's insurers are set for a boost as the UK Treasury confirmed it will bring the tax treatment for their equalisation reserves in line with general insurance companies.

In today's (22 April) 2009 Budget Report, the UK Treasury said investors in the Lloyd's insurance market will be able to benefit from relief for claims equalisation "in a broadly similar way to general insurance companies".

It said the changes will be retrospectively applied to results treated as declared in 2008 -...

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