Foreign Account Tax Compliance Act (FATCA) is a U.S. law designed to prevent tax evasion by U.S. taxpayers through the use of offshore accounts and companies. FATCA is generally focused on “foreign financial institutions” such as banks, custodians, trust companies, life insurance companies and asset management firms. However, FATCA also affects insurance clients, insurance brokers and insurance carriers.

FATCA is a complex law. Please consult your tax advisor to determine how FATCA may apply to your situation. In order to assist our clients and their obligations under FATCA legislation we are making available our form for downloading:

Alesco Risk Management Services Limited

For any FATCA related questions and any issues relating to FATCA forms please contact us.

Latest News & Insights

News

06 Mar 2019

US Builders' Risk Pushing the Boundaries of the London and International Markets

As the corporate world becomes increasingly unpredictable and litigious, a comprehensive risk management strategy is essential. To be truly effective, property insurance requirements are most comprehensively met by having the ability to quickly access London based expertise. Alesco has the specialist knowledge, expertise and access to some of the world’s leading insurance markets, both here in London and in global centres of insurance.

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06 Mar 2019

London Casualty State of the Market

2019 is already being seen as a year of further mergers and acquisitions within the insurance arena, of stricter risk selection by carriers and capacity withdrawal from certain classes, as seen with recent market departures and there will be some change in the structure of certain syndicate portfolios in response to performance review, with further oversight planned, however there is a strong belief this will benefit all clients who value their long-standing relationships with their London carrier partners.

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