Effects of the 2017 Tax Law on Captive Insurers

January 3, 2018

Following the passage of the Tax Cuts and Jobs Act by the US Congress, met with Bruce Wright of Eversheds Sutherland to document his take on the primary impacts of the tax law on the captive insurance industry. According to Mr. Wright, a number of the law's provisions may affect captives. Read More

Tax Reform: Best Briefing on Insurer Benefits and Partial Offsets

December 22, 2017

According to A.M. Best, the insurance industry will see overall benefits from the reduced corporate tax rate as a result of the Tax Cuts and Jobs Act once it is signed into law; however, partially offsetting the benefits are certain revenue enhancements that will impact companies. Read More

Bermuda Delineates Fact from Fiction in Answering ICIJ Reports

November 12, 2017

Recent reports from the International Consortium of Investigative Journalists (ICIJ) expose the names of people and companies behind what it alleges are "secret offshore structures" that, in some cases, are used to reduce or avoid taxes. Bermuda has responded to the ICIJ reports to delineate fact from fiction. Read More

Eversheds Sutherland Observations on the Unified Tax Framework

October 4, 2017

Eversheds Sutherland provides its observations on the Republican unified tax framework. The framework is intended to serve as a "template" for the tax-writing committees, the House Ways and Means Committee, and the Senate Finance Committee to draft tax reform legislation. Read More

A Checklist for 831(b) Captives in Light of the Avrahami Tax Case

September 27, 2017

This 5-part checklist lays out a set of fundamental policies and practices 831(b) captives should follow. While the Avrahami 831(b) captive tax case may have been unique, owners need to be following essential protocols. In doing so, they are much less likely to find themselves the subject of an IRS audit. Read More