Insurance EuropeInsurance Europe
Position Paper
Comments on US Senate Finance Committee's tax reform discussion draft disallowing tax deduction of affiliated reinsurance premiums

Foreign (re)insurers play an important role in the US market. A substantial part of US demand for insurance — more than 15% of direct insurance and more than 50% of the reinsurance accepted in 20111 — is provided by foreign insurers. For certain states and areas this figure is much higher; for example over 90% of reinsurance for Florida property insurance is provided by reinsurance companies located in foreign countries.

Published 17 January 2014