Reinsurance

FERMA’s information paper Guidelines for BEPS on captive (re)insurance arrangements has been shortlisted for the European and UK Captive Awards 2017 in the category for BEPS-related initiatives.
The EU and United States have signed the landmark bilateral (re)insurance agreement first announced in January 2017. It addresses three areas of prudential regulation: group supervision, reinsurance collateral and the exchange of information between supervisory authorities.
On 20 June, FERMA has released proposed guidelines for captive (re)insurance arrangements in order to ensure a consistent implementation of the OECD recommendations on Base Erosion and Profit Shifting (BEPS).

Captive insurance companies, especially in offshore domiciles, are under scrutiny from international tax authorities.