Posts Tagged ‘taxation’



June 7th, 2018

Captives’ Future Will Track with Global Risks

Posted at 1:00 AM ET

What does the future hold for captives? Trends that may alter captive owners’ strategies include tax reform, climate change and emerging technologies.

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February 25th, 2015

CFTC Provides Conditional Relief to Certain ILS/Cat Bond Issuers

Posted at 1:00 AM ET

On December 18, 2014 the U.S. Commodity Futures Trading Commission (CFTC) provided conditional relief to certain insurance-linked securities (ILS)/cat bond issuers from having to register as Commodity Pool Operators (CPOs).

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March 27th, 2012

Alternative Risk Transfer: Part II, BCAR Impact, Quota Share and Working Layer Excess of Loss Covers

Posted at 1:00 AM ET

BCAR Impact

Purchasing an aggregate stop loss provides a positive impact to the BCAR score by decreasing the capital charge. In year one, the benefit of the purchase is applied to the premium risk charge for the current accident year with benefit to the reserve risk charge in future years. In the first year, the accident year stop loss may reduce the premium risk charge significantly. The biggest reduction in the premium risk charge will occur when the stop loss provides protection between A.M. Best’s estimate of the expected loss ratio and 35 percent to 45 percent above that estimate. The decrease in the capital factor is equal to the limit purchased net of the AP that must be paid in the event of a loss. Surplus is reduced by the after-tax margin paid. For the second year, the reduction in capital charge is applied against the loss reserves. This reduces the benefit in the second year from that achieved in the first year, as the reserves are net of loss payments made in year one.

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November 16th, 2011

Continental European Legislative and Judicial Trends: Negligent Auditor Liable to Capital Insurance Policyholder

Posted at 1:00 AM ET

David Lewin, Managing Director
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Swedish Tax Law and Capital Insurance

Under Swedish tax law, each transaction in securities, such as those involving shares and funds, triggers a 30 percent tax on profits. Consequently, capital insurance (Kapitalförsäkring) - a type of savings product - has become increasingly popular.

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January 13th, 2011

Industry Issues and Trends: Domiciles: Reinsurers Look to Europe

Posted at 1:00 AM ET

141x141jan1thumb8Since 2005, a notable shift in reinsurers’ domiciles has taken place. Europe’s transition towards risk-based capital requirements has prompted global regulators to call for some level of equivalence in key markets. This has, in turn, prompted carriers to reassess corporate structures, with a particular eye to the location of group balance sheets.

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October 27th, 2010

European Immigration

Posted at 1:00 AM ET

klein_chris_bioChris Klein, Director of Reinsurance Market Management
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Europe remains the dominant force in global reinsurance. Almost 50 percent of the world’s reinsurance premiums find their way to a handful of multi-line companies with global reach that are based in continental Europe. Whereas Bermuda was the preferred destination for fresh capital entering the reinsurance industry after the large market-changing losses of Hurricane Andrew in 1992, the terrorist attacks of September 11, 2001, and Hurricane Katrina in 2005, the industry is now witnessing a transfer of underwriting capacity into Europe. Zurich and Ireland are particularly popular destinations, with new arrivals being welcomed on almost a monthly basis in 2010.

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