Captives under regulatory scrutiny
From: Business Insurance, October 2, 2017
U.S. owners of captive insurers covering international risks must examine their captives closely to ensure they don’t run afoul of a global effort to stop tax avoidance schemes.
But the preparations that captive owners engaged in ahead of Solvency II, the European Union’s risk-based capital rules for insurers and reinsurers that came into force in January 2016, should help smooth the compliance pathway for this initiative, according to experts.
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