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.

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Insight

06 Oct 2020

The State of the Market for Delegated Authority

The current market cycle has its origins somewhere in late 2017. At that time, the protracted soft environment had started to come to an end, as natural disasters and various liability issues across all sectors started to highlight the simple fact that results could no longer withstand soft trading conditions. Various European insurance companies failed, Lloyd’s made a clear message about remediation and the market at large started to fall into line. The tide had turned.

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Insight

31 Jul 2020

Media & Entertainment: Live Streams & COVID19 July 2020

As you are aware, this has been a year with a series of firsts for the population - ‘Coronavirus’, ‘COVID-19’, social distancing and ‘furlough’ to name a few. Similarly, most of the world’s beloved events have also seen a series of firsts with many being cancelled for the first time since wartime.

Whilst many of us crave sporting and cultural events, the shift to streamed performances has also seen a shift in the huge volume of trade conferences and events being held virtually.

In this article, we explore the future of online events, the impact they can have on your bottom line, and key risks to consider when thinking about protecting and insuring streamed events.

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