Real estate relief: although troubled real estate assets are a headache, insurers can alleviate the pain by developing successful asset-management and disposition programs

Article Abstract:

Real estate only accounts for approximately 3% of life insurance assets, but delinquencies on insurers' commercial mortgage loans have increased to 7.37%. As such, insurers run the risk of running afoul of new NAIC capital requirements and GAAP rules for reporting foreclosure. Solutions, short of continuing to carry assets, include selling assets in bulk, spinning off troubled assets as separate corporate entities, and securitization.

Management, Usage, Investments, Life insurance industry, Real estate investment, Real estate investments, Asset-backed securities, Asset backed securities

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A level playing field; an increase in the excise tax would place domestic reinsurers on a more level playing field with their foreign competitors

Article Abstract:

The proposed Foreign Income Tax Rationalization and Simplification Act of 1992 will give domestic reinsurers an equal footing with foreign reinsurers who are located in under-regulated areas where no corporate taxes exist. Unlike the Tax Reform Act of 1986, which taxed domestic reinsurers, the proposed legislation will effectively tax alien reinsurers that are taxed less than 50% of the US tax rate.

Finance, taxation, & monetary policy, Taxation, Laws, regulations and rules, Reinsurance, Excise taxes, United States. Internal Revenue Service, Excise tax

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