Why Move Your Captive to a Different Jurisdiction
October 23, 2019
A new Captive Thought Leader Video featuring Bruce Wright, partner at Eversheds Sutherland (US) LLP, titled "Why Move Your Captive Insurance Company to a Different Jurisdiction?" has recently been added to the Captive.com video library.
People often have an issue that causes them to consider moving their captive insurance company to a different jurisdiction, according to Mr. Wright. While, for instance, a company's management may decide that having the captive in a specific jurisdiction is perceived unfavorably, other reasons are more substantive. For example, an organization may decide to participate in the Terrorism Risk Insurance Program or cover employee benefits in its captive requiring the business to weigh a number of jurisdictional factors. There are also a variety of tax-related reasons that may drive an organization to relocate its captive, including issues surrounding independent procurement taxes or direct placement taxes or the Base Erosion and Anti-Abuse Tax. Further, some jurisdictions are more agreeable to certain types of companies and coverages and may provide more flexibility depending upon the specifics of the arrangement.
There is no cost to view the videos, and you will find them in the Captive Thought Leader Videos section of Captive.com. More videos will be added in the future.
October 23, 2019
