CICA has, in cooperation with the European Captive Insurers and Reinsurers Owners’ Association (ECIROA), filed comments with the Paris based Organization for Economic Cooperation and Development (OECD) challenging the characterization of captive insurance companies as a tax evasion device. Captives were singled out in the OECD’s recent report on “Base Erosion and Profit Shifting”.
See CICA’s response here.