Validus Case Opens Door For Retrocession Tax Refunds

Law360, New York (February 18, 2014, 6:47 PM EST) -- The reinsurance industry recently racked up a big win over the Internal Revenue Service in a case surrounding the taxation of certain retrocession insurance policies, but the complexity of the case is keeping even some industry insiders in the dark on their new ability to file for a refund.

The taxation of retrocessions — reinsurance premiums paid to insure other reinsurance policies — is a tough subject for even judges to fully understand, and according to experts, the U.S. District Court for the District of Columbia's...
To view the full article, register now.