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New European Directive on Reinsurance Companies

European Regulators have recognized the need for a European Regulatory framework on reinsurance and are currently working on a new Directive, which is expected to be adopted in March, 2004.

Read here a brief presentation of the impacts for captives

   

Risk and risk management reporting

The increasing demand for more transparency from the stakeholders' standpoint but also from the stock exchanges regulators, and auditors calls for new rules for risk reporting in the annual reports.

 

International Financial Reporting Standards

The first phase of implementation of new International Financial Reporting Standards in Europe will take place on 1st January, 2005.
What will be the impact of these on insurance and reinsurance contracts and on captives?

Gecalux has dedicated a team of specialists, which is keeping updated with the latest developments of these measures.

 
   
CFC Legislation in Spain
Ley de acompañamiento 2004

As from 1st January, 2004, the Spanish Authorities have clarified a key aspect of their legislation regarding international fiscal transparency, which will have a positive impact on Spanish captives domiciled in EU member states.

 
 

or contact our Area Manager for Southern Europe :
Mr. Enrique Flores-Schaefer

 
   
         

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