Insurance presents tax issues unique to your business.
Our Insurance Tax group has deep knowledge of the technical tax rules that apply to insurance companies and to products and practices within the industry.
We take a practical and business-focused approach to provide you with sophisticated analysis and advice on all aspects of insurance taxation for both property casualty and life insurance companies, captives and insurance products and programs.
Our team can assist with tax analysis and planning for all types of domestic and cross-border transactions, including insurance and reinsurance arrangements, mergers and acquisition, restructurings, public and private securities offerings, creating non-US insurance and reinsurance facilities and with structuring international operations.
We can also provide you with counsel on the full range of life and retirement savings products sold by insurers, including variable life insurance and annuities, long-term care insurance and accelerated death benefits, life insurance and annuity products used in qualified plans and with private placement products.
Whatever the situation, our Insurance Tax team can help you manage tax risk and bring to bear our experience, knowledge, business focus and interdisciplinary approach to resolving complex problems.
Our lawyers are experienced in all aspects of insurance taxation. Representative experience includes:
- advising a large international insurer on the tax implications of the sale of its US insurance operations
- representing two international insurers on the restructuring of their US operations
- representing an international insurance company in tax litigation regarding a $306 million tax refund
- auditing Bermuda insurer operations for compliance with tax guidelines