(Re)insurers start adjusting to US-Bermuda tax change

Bermuda-based reinsurers that do business with US affiliates
began examining their options well before the ink dried last month
on a reform bill that took aim at tax arbitrage strategies which
have helped make the island an industry hub.
For some, dealing with changes such as the base erosion and
anti-abuse tax (Beat) provision will likely mean setting up a new
vehicle registered as a US taxpayer to receive new intra-company
quota shares, and keeping earlier transfers in the existing...