Rev. Proc. 2003-78, 2003-2 C.B. 1029, provides instructions for establishing an exemption from the section 4371 excise tax on insurance premiums paid to a foreign insurer or reinsurer when the exemption is based on the provisions of an income tax treaty to which the United States is a party. Section 3.01 of Rev. Proc. 2003-78 provides that a person otherwise required to remit the insurance excise tax on account of premiums paid to a foreign insurance or reinsurance company may consider the premiums exempt from the insurance excise tax under an income tax treaty if the premiums are paid to an insurer or reinsurer that is a resident for treaty purposes of a country with which the United States has a treaty containing an excise tax exemption and, prior to filing the return for the taxable period, such person has knowledge that there was in effect for such taxable period a closing agreement between the Internal Revenue Service and the foreign insurer or reinsurer under Rev. Proc. 2003-78; Rev. Proc. 92-39, 1992-1 C.B. 860; Rev. Proc. 87-13, 1987-1 C.B. 596; or Rev. Proc. 84-82, 1984-1 C.B. 779.
Rev. Proc. 2015-46, 2015-39 I.R.B. 414, amends Rev. Proc. 2003-78 to update the mailing address and contact number, formalize certain requirements, and provide corresponding changes to the form closing agreements attached as Appendices A and B to Rev. Proc. 2003-78.
Section 4 of Rev. Proc. 2003-78, consistent with the prior revenue procedures listed above, provides that the Internal Revenue Service “may periodically publish in the Internal Revenue Bulletin a list of foreign insurers or reinsurers that have entered into closing agreements under this revenue procedure and also a list of foreign insurers or reinsurers whose closing agreements are terminated.” The following list of foreign corporations that have entered into closing agreements is being made available in accordance with this provision.
The list will be updated to reflect changes in the status of a company and other identifying information. However, because the published list cannot be relied upon as conclusive that a particular company has a valid closing agreement in effect, interested parties should contact the company directly should they wish to verify the information posted on this website.
Foreign insurers or reinsurers who wish to enter into a closing agreement under the above revenue procedures, please refer to the Federal Excise Tax Exemption Program page.
Foreign insurers or reinsurers with effective closing agreements who wish to be added to the list should complete the consent form (PDF) and mail it to:
Awo M. Archampong-Gray
Internal Revenue Service
SE:LB:WIIC:FPP:FPPO:PA:T1190
1111 Constitution Ave, NW, 6th Floor
Washington, DC 20224 USA
Companies with closing agreements (in alphabetical order)
Ace European Group
The Ace Building
100 Leadenhall Street
EC3A 3BP London
United Kingdom
Effective Date: November 17, 2005
Achmea Reinsurance Company NV
Spoorlan 298
5017 JZ Tilburg
The Netherlands
Effective Date: December 20, 2012
Achmea Reinsurance Ireland Limited
Georges Dock House, IFSC
Dublin 1
Ireland
Effective Date: November 17, 2006
Termination Date: June 30, 2013
Allianz Global Corporate & Specialty SE
Koeniginstrasse 28
D-80802 Munchen
Germany
Effective Date: June 8, 2009
Allianz Re Dublin Limited
Allianz House
Elmpark, Merrion Rd
Dublin 4
Ireland
Effective Date: February 4, 2009
Allianz Risk Transfer AG
Lavaterstrasse 67
8002 Zurich
Switzerland
Effective Date: May 5, 1999
Allianz Risk Transfer N.V.
Keizersgracht 482
NL-1017EG Amsterdam
Netherlands
Effective Date: February 8, 2007
Allianz SE
Koeniginstrasse 28
D-80802 Munchen
Germany
Effective Date: November 4, 2009
Alreford Limited
3rd Floor, Metropolitan Building
James Joyce Street
Dublin 1
Ireland
Effective Date: January 19, 2012
Amlin AG
Kirchenweg 5
8008 Zurich
Switzerland
Effective Date: January 31, 2011
Arch Insurance Company (Europe) Limited
5th Floor, Plantation Place South
60 Great Tower Street
London EC3R 5AZ
United Kingdom
Effective Date: February 14, 2005
Arch Reinsurance Europe Underwriting DAC
Block 3, The Oval
Shelbourne Road
Dublin 4
Ireland
Effective Date: July 8, 2009
Aseguradores de Riesgos Nucleares A.I.E.*
Calle Sagasta 18, 4º derecha
28004 Madrid
Spain
Effective Date: January 1, 1996
Aspen Insurance UK Limited
30 Fenchurch Street
London EC3M 3BD
United Kingdom
Effective Date: April 15, 2004
Assicurazioni Generali S.p.A.
Piazza Duca degli Abruzzi, 2
34132 Trieste
Italy
Effective Date: June 11, 1986
Assuratome
Tour Franklin - Defense 8
92042 Paris La Defense Cedex
France
Effective Date: January 1, 1993
ATC Insurance Ireland Limited*
4th Floor, 25-28 Adelaide Road
Dublin 2
Ireland
Effective Date: October 19, 2011
Athene Life Re. Ltd.
Third Floor, WeWork Aviation House
125 Kingway
London WC2B 6NH
United Kingdom
Effective Date: September 17, 2019
Atradius Reinsurance Limited
2nd Floor, La Touche House
International Finances Services Centre
Dublin 1
Ireland
Effective Date: September 28, 2009
Axa Corporate Solutions Assurance SA
4, rue Jules Lefevbre
75009 Paris
France
Effective Date: December 12, 2005
AXIS RE SE
Mount Herbert Court, 34 Upper Mount Street
Dublin 2
Ireland
Effective Date: December 31, 2002
AXIS Specialty Europe SE
Mount Herbert Court, 34 Upper Mount Street
Dublin 2
Ireland
Effective Date: December 31, 2002
Berkeley Re Limited
3rd Floor, Metropolitan Building
James Joyce Street
Dublin 1
Ireland Effective Date: June 21, 2006
Berkshire Hathaway International Insurance Limited
LUC, 4th Floor
8 Fenchurch Street
London EC3M 4AJ
United Kingdom
Effective Date: July 26, 2004
Blue Square Re N.V.
AEGONplein 50
2591 TV The Hague
The Netherlands
Effective Date: December 2, 2013
The Britannia Steam Ship Insurance Association Limited
Regis House
45 King William Street
London EC4R 9AN
United Kingdom
Effective Date: March 11, 2005
Catlin Insurance Company (UK) Ltd.
20 Gracechurch Street
London EC3V OBG
United Kingdom
Effective Date: June 21, 2006
Chubb Insurance Co of Europe SE
106 Fenchurch St.
London EC3M 5NB
United Kingdom
Effective Date: January 14, 2010
CNA Insurance Company Limited
20 Fenchurch Street
London EC3M 3BY
United Kingdom
Effective Date: June 8, 2005
De Lage Landen Re Limited
George’s Dock House, IFSC
Dublin 1
Ireland
Effective Date: June 3, 2005
Ergo Versicherung AG
Victoriaplatz 1
40198 Dusseldorf
Germany
Effective Date: May 4, 2011
Euler Hermes Reinsurance A.G.
Richtiplatz 1, Postfach
CH-8304 Wallisellen
Switzerland
Effective Date: February 8, 2007
European Reinsurance Company of Zurich Ltd.
Mythenquai 50/60
8022 Zurich
Switzerland
Effective Date: May 22, 1998
Fidelis Underwriting Limited
34th Floor, The Leadenhall Building
122 Leadenhall Street
London EC3V 4AB
United Kingdom
Effective Date: July 13, 2016
The Fuji Fire & Marine Insurance Co. Ltd
5-4-9 Toyosu, Koto-ku
Tokyo 1350061
Japan
Effective Date: January 12, 1996
Termination Date: March 31, 2014
Gan Eurocourtage
8-10 rue d'Astorg
75008 Paris
France
Effective Date: April 26, 2012
Termination Date: March 31, 2013
General Reinsurance AG fka Koelnische Ruckversicherungs-Gesellschaft AG
Theodor-Heuss-Ring 11
50668 Cologne
Germany
Effective Date: September 14, 1992
Generali IARD
2 rue Pillet Will
75009 Paris
France
Effective Date: January 1, 1998
Generali Italia S.p.A.
Via Marocchesa 14
31021 Mogliano Veneto (TV)
Italy
Effective Date: April 1, 2014
Glacier Reinsurance AG
Churerstrasse 78
8808 Pfaffikon
Switzerland
Effective Date: April 26, 2006
Gothaer Allgemeine Versicherung AG
Gothaer Allee 1
50969 Cologne
Germany
Effective Date: December 15, 2009
Great Lakes Insurance SE
Koniginstrasse 107
80802 Munchen
Briefe: 80792
Effective Date: April 6, 2018
Hannover Re (Ireland) DAC
4 Custom House Plaza, IFSC
Dublin 1
Ireland
Effective Date: December 5, 2001
Hannover Reinsurance (Ireland) Limited
2 Custom House Plaza, IFSC
Dublin 1
Ireland
Effective Date: April 15, 2004
Termination Date: March 31, 2013
HCC International Insurance Company PLC1
1 Aldgate
London EC3M 1RE
United Kingdom
Effective Date: November 18, 2009
HDI-Gerling Verzekeringen N.V*
Westblaak 14 PO Box 925
3000X AX Rotterdam
The Netherlands
Effective Date: June 7, 2011
HDI Global Network AG
HDI-Platz 1
30659 Hannover
Germany
Effective Date: November 4, 2009
HDI Global SE
HDI-Platz 1
30659 Hannover
Germany
Effective Date: June 21, 1999
HDI Global Specialty SE
Roderbruchstrasse 26
30655 Hannover
Germany
Effective Date: April 15, 2004
Helvetia Schweizerische Versicherungsgesellschaft AG
Dufourstr. 40
CH-9001 St Gallen
Switzerland
Effective Date: September 2, 2010
IF P&C Insurance Company Ltd.
Niityportti 4
02200 Espoo
Finland
Effective Date: April 2, 2003
IF P&C Insurance Ltd (publ)
SE 106 80
Stockholm
Sweden
Effective Date: July 11, 1996
Infrassure Ltd.
Uetlibergstrasse 134A
CH-8045 Zurich
Switzerland
Effective Date: June 11, 2014
Termination Date: March 31, 2015
Intercona Re AG
Route de la Coula 50
1618 Chatel-St Denis
Switzerland
Effective Date: April 5, 2006
Ironshore Europe DAC
2 Shelbourne Buildings, Shelbourne Road
Ballsbridge, Dublin 4
Ireland
Effective Date: December 10, 2015
The Kyoei Fire and Marine Insurance Company, Limited*
18-6, Shimbashi 1-Chome, Minato-ku
Tokyo 105-8604
Japan
Effective Date: June 8, 2005
Lancashire Insurance Company (UK) Limited
Level 29, 20 Fenchurch Street
London EC3M 3BY
United Kingdom
Effective Date: November 3, 2014
La Reunion Aerienne
134, Rue Danton
92300 Levallois-Perret
France
Effective Date: June 8, 2005
Liberty Mutual Insurance Europe Limited
20 Fenchurch Street
London EC3M 3AW
United Kingdom
Effective Date: January 19, 2005
The London Steam-Ship Owners' Mutual Insurance Association Limited
50 Leman Street
London E1 8HQ
United Kingdom
Effective Date: February 4, 2005
Mapfre Espana Campania de Seguros y Reaseguros, SA
Carretera de Pozuelo, No. 50
28222 Majadahonda Madrid Spain
Effective Date: March 19, 2019
Mapfre Global Risks, Compania Internacional de Seguros y Reaseguros, S.A.
Carretera de Pozuelo
Majadahonda 52, Edificio M-II
28222 Madrid
Spain
Effective Date: July 8, 2009
Mapfre Re Compania de Reaseguros, S.A.
Paseo de Recoletos No. 25
28004 Madrid
Spain
Effective Date: September 24, 2004
The Marine Insurance Company Limited
St Mark’s Court, Chart Way, Horsham
West Sussex RH12 1XL
United Kingdom
Effective Date: February 4, 2004
Markel International Insurance Company Limited
20 Fenchurch Street
London EC3M 3AZ
United Kingdom
Effective Date: January 19, 2005
Mitsui Sumitomo Insurance Co. (Europe) Ltd.
25 Fenchurch Ave
London EC3M 5AD
United Kingdom
Effective Date: February 4, 2005
Mitsui Sumitomo Insurance Co., Ltd
2-27-2 Shinkawa, Chuo-ku,
Tokyo, 104-8252
Japan
Effective Date: February 4, 2005
MSIG Insurance Europe AG
An Den Dominikanern 11-27
50668 Koln
Germany
Effective Date: October 29, 2012
Munchener Ruckversicherungs-GeselIschaft AG in Munchen
Koniginstr. 107
80802 Munich
Germany
Effective Date: March 30, 1992
New Reinsurance Company Limited
Zollikerstrasse 226
CH-8008 Zurich
Switzerland
Efective Date: October 23, 1998
Nipponkoa Insurance Company Limited
3-7-3 Kasumigaseki , Chiyoda-ku
Tokyo 100-8965
Japan
Effective Date: June 3, 2005
Termination Date: December 31, 2014
North of England Protecting & Indemnity Association Limited
The Quayside
Newcastle Upon Tyne NE1 3DU
United Kingdom
Effective Date: March 22, 2005
nSpire Re Limited
First Floor, 25-28 Adelaide
Dublin 2
Ireland
Effective Date: February 4, 2005
Termination Date: September 30, 2012
OP Insurance Ltd.
Gebhardinaukio 1
00013 OP Helsinki
Finland
Effective Date: September 2, 2010
Pan Insurance Limited
The Metropolitan Building
James Joyce Street
Dublin 1
Ireland
Effective Date: June 11, 2014
PartnerRe Ireland Insurance dac
160 Shelbourne Road
The Oval
5th Floor, Block 1
Dublin 4, Ireland
Effective Date: January 31, 2011
Partner Reinsurance Europe SE
160 Shelbourne Road, The Oval
Fifth Floor, Block 1
Dublin 4 Ireland
Ireland
Effective Date: January 7, 2008
Pharma International Insurance DAC
3rd Floor, The Metropolitan Building
James Joyce Street
Dublin1
Ireland
Effective Date: June 9, 2015
QBE Insurance (Europe) Limited
30 Fenchurch Street
London EC3M 3BD
United Kingdom
Effective Date: April 15, 2004
RBC Reinsurance (Ireland) Ltd.*
Suite A5, Beacon Ct
Sandyford
Dublin 18
Ireland
Effective Date: April 1, 2001
RISICOM Ruckversicherung AG
Markplatz 3
82031 Grunwald
Germany
Effective Date: September 16, 2003
Royal & Sun Alliance Insurance plc
St Mark’s Court, Chart Way, Horsham
West Sussex RH12 1XL
United Kingdom
Effective Date: February 4, 2004
Royal & Sun Alliance Reinsurance Ltd.
St Mark’s Court, Chart Way, Horsham
West Sussex RH12 1XL
United Kingdom
Effective Date: February 4, 2004
R+V Versicherung AG
Raiffeisenplatz 1
65189 Wiesbaden
Germany
Effective Date: January 1, 2000
SCOR Global Life Reinsurance Ireland Limited
3rd Floor, IFSC House
Custom House Quay
Dublin 1
Ireland
Effective Date: November 20, 2005
SCOR Global Property & Casualty*
5 Avenue Kleber
La Defense Cedex Paris 75795
France
Effective Date: December 13, 2006
SCOR Switzerland AG (fka Converium AG)
General-Guisan Quai 26
8022 Zurich
Switzerland
Effective Date: October 1, 2001
SCOR UK Company Limited
10 Lime Street
London EC3M 7AA
United Kingdom
Effective Date: June 23, 2004
Sirius International Insurance Corporation (publ)
Birger Jarlsgatan 57B
SE-113 96 Stockholm
Sweden
Effective Date: February 7, 1996
Sompo Japan Nipponkoa Insurance, Inc.
26-1, Nishi-Shinjuku 1-chome
Shinjuku-ku, Tokyo 160-8338
Japan
Effective Date: February 14, 2005
Spencer Re I.I.
Othmarstrasse 8
CH-8008 Zurich
Switzerland
Effective Date: July 13, 2016
The Standard Club Europe Ltd
Standard House
12/13 Essex Street
London WC2R 3AA
United Kingdom
Effective Date: November 29, 2004
Starstone Insurance SE
5th Floor, 88 Leadenhall Street
London EC3A 3BP
United Kingdom
Effective Date: October 23, 2013
The Steamship Mutual Underwriting Association Limited
Aquatical House
39 Bell Lane
London E1 7LU
United Kingdom
Effective Date: February 4, 2005
Sunderland Marine Insurance Company Ltd
The Quayside
Newcastle Upon Tyne NE1 3DU
United Kingdom
Effective Date: July 26, 2004
Swiss Re Corporate Solutions Ltd
Mythenquai 53/60
8022 Zurich
Switzerland
Effective Date: February 13, 2013
Swiss Reinsurance Company
Mythenquai 50/60
8022 Zurich
Switzerland
Effective Date: May 22, 1998
The Toa Reinsurance Company Limited
6 Kanda-Surugadai, 3-chome, Chiyoda-ku
Tokyo 101-8703
Japan
Effective Date: November 17, 2005
Tokio Marine Kiln Insurance Limited
20 Fenchurch St
London EC3M 3BY
United Kingdom
Effective Date: May 5, 2009
Tokio Marine & Nichido Fire Insurance Co., Ltd
1-2-1 Marunouchi, Chiyoda-ku
Tokyo 100-0005
Japan
Effective Date: March 11, 2005
Tokio Millennium Re (UK) Limited (fka Tokio Marine Global Ltd)
5th Floor, 20 Fenchurch Street
London EC3M 3BY
United Kingdom
Effective Date: May 8, 2008
TransRe London Limited
Corn Exchange, 55 Mark Lane
London EC3R 7NE
United Kingdom
Effective Date: January 8,2015
Travelers Insurance Company Limited
Exchequer Court
33 St Mary Axe
London EC3A 8AG
United Kingdom
Effective Date: July 18, 2005
Underwriters at Lloyd’s, London
1 Lime Street
London EC3M 7HA
United Kingdom
Effective Date: June 30, 2005
Unionamerica Insurance Company Limited
Avaya House
2 Cathedral Hill
Guildford
Surrey GU2 7YL
United Kingdom
Effective Date: March 22, 2005
The United Kingdom Mutual Steam Ship Assurance Association (Europe) Limited
90 Fenchurch Street
London EC3M 4ST
United Kingdom
Effective Date: July 26, 2013
Validus Reinsurance (Switzerland) Ltd.
Talstrasse 83
CH-8001 Zurich
Switzerland
Effective Date: July 30, 2008
The West of England Ship Owners Mutual Insurance Association (Luxembourg)
31 Grand Rue
L-1661 Luxembourg
Luxembourg
Effective Date: November 22, 2004
W.R. Berkley Insurance (Europe) Ltd
2nd Floor, 40 Lime Street
London EC3M 7AW
United Kingdom
Effective Date: June 8, 2005
XL Insurance Company SE
XL House, 8 St. Stephen’s Green
Dublin 2, Ireland
Effective Date: July 23, 2019
XL Insurance Company SE
70 Gracechurch Street
London EC3 V0XL
United Kingdom
Effective Date: December 2, 2013
XL Insurance Switzerland Limited
Limmatstrasse 250
8031 Switzerland
Effective Date: December 2, 2013
XL Re Europe SE
XL House 8 St Stephen s Green
Dublin 2
Ireland
Effective Date: December 2, 2013
Zurich Insurance Company Ltd.
Mythenquai 2
Zurich 8022
Switzerland
Effective Date: January 1, 1999
Zurich Insurance plc (fka Zurich Insurance Ireland Limited)
Zurich House
Ballsbridge Park
Dublin 4
Ireland
Effective Date: June 8, 2005
Zurich Specialties London Limited*
3000b Parkway
Whiteley, Hampshire PO15 7JZ
United Kingdom
Effective Date: November 29, 2004
Termination Date: March 31, 2016
Explanations
* The company has not timely recertified its entitlement to treaty benefits in accordance with the terms of its closing agreement.
Effective Date: Unless noted otherwise within the Agreement, the Agreement is effective as of the date the Commissioner of Internal Revenue signs the Agreement.
Termination Date: The Agreement is terminated at the close of the last day of the quarterly return period immediately following the return period within which the written notice of termination is given.
Links to treaties
Cyprus
Finland ∆
France ∆
Germany ∆
India
Ireland
Israel
Italy
Japan
Luxembourg (Exemption applies only to excise taxes imposed on insurance premiums paid to foreign insurers and not on reinsurance premiums)
Mexico
Netherlands
Spain
Sweden ∆
Switzerland
United Kingdom
∆ Under these treaties, the exemption generally does not apply if premiums are paid to an office outside the company's country of residence.
Caution: Section 6139 of the Technical and Miscellaneous Revenue Act of 1988 (P.L. 100-647) provides that no provisions of the U.S.-Barbados or the U.S.-Bermuda income tax treaties (if either or both treaties are in force on December 31, 1989) shall prevent application of the excise tax on premiums allocable to insurance coverage for periods after December 31, 1989.