Description: This article presents an FAQ on protected cell companies. From Reinsurance Section News, November 2007, Issue No. 61.

Description: A listing of all the events at the ReFocus 2011 meeting.

Description: Chairman’s column describing the leadership positions of the Section Council.

Description: I.R.C. § 4371 imposes an excise tax on policies issued by foreign insurers or reinsurers covering U.S. risks. The application of the tax to funds withheld reinsurance can raise difficult questions. The IRS’s position is that an accrual concept applies, although that position is questionable. Taxpayers that instead determine the excise tax by looking only to actual payments made by the ceding company to the reinsurer or to the net amount of the ceded premiums after adjusting for the allowance paid by the reinsurer have a variety of arguments to support their position. The language of the premium excise tax, the regulations thereunder, the legislative history of the provision, and the very nature of an excise tax all support the position that the tax applies only when there is an actual payment. Other Code provisions that use similar language as well as the Supreme Court also support this view.

Description: The Bermuda International Life and Annuity Conference highlights Bermuda’s enhanced capital and solvency framework, and growing long-term (re)insurance sector.

Description: This article covers the inaugural edition of Re-News. From Reinsurance News, February 2005. Article from Re-news, February, 2005.

Description: Why Should Life Insurers Care About Brexit?

Description: An overview of reinsurance training class provided to the Bermuda Monetary Authority (Authority) and Central Bank of Trinidad and Tobago (Central Bank) covering all aspects of reinsurance. Article also provides an overview of initiatives that the two regulators (Authority and Central Bank) are involved with.

Description: This article describes the transfer pricing rules applicable to life reinsurance transactions generally, and then outlines a methodology for testing life reinsurance transactions to demonstrate compliance with transfer pricing standards applied by tax authorities.

Description: Tom O’Sullivan, vice president and actuary, Canada Life, Reinsurance Division and vice president and chief actuary of the London Reinsurance Group took on all challengers to win the Test the Nation IQ Showdown on the Canadian Broadcasting Company CBC on March 18, 2007. From Reinsurance Section News, November 2007, Issue No. 61.