FATCA

The Foreign Account Tax Compliance Act (FATCA) is a U.S. law introduced in 2010 and effective July 1, 2014. It was enacted in order to assist the U.S. Internal Revenue Service (IRS) in detecting and discouraging tax evasion by U.S. taxpayers holding undeclared accounts and investments with foreign financial institutions.

FATCA requires the imposition of a 30 percent withholding tax on certain U.S. source payments (including insurance or reinsurance premium), unless the recipients of such payments provide documentation to support their exemption from this withholding tax. We are committed to being fully FATCA-compliant in all countries where we operate.

Under the provisions of FATCA, payers making payments to legal entities within the Ariel Group may need to obtain certain documentation from the Ariel recipients of those payments (IRS Forms W-8 or W-9). Typically, Form W-8BEN-E or W-8IMY is provided by non-U.S. entities and Form W-9 is provided by U.S. entities. If you are making insurance or reinsurance premium payments, you can download a copy of all applicable forms through the links below. Note that these forms may be updated from time to time.

Underwriting Vehicles:

  1. W-8BEN-E
    Argo Re Ltd.
    Ariel Re Bda Limited
  2. W-8IMY
    Ariel Re Bda Limited
    Ariel Syndicate 1910, trading as a member of Lloyd’s of London

Any questions regarding FATCA should be emailed to compliance@arielre.com.

Information on FATCA can also be obtained from the Foreign Account Tax Compliance Act section at www.irs.gov.

Please consult your adviser for any tax advice in connection with all forms provided through the links above.

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