Specialist cyber insurer CFC has created a dedicated team to focus on underwriting tax risks as part of its transaction liability practice.
The tax underwriting team will focus on tax risks connected to M&A transactions including renewable energy tax credits, tax treaty risks, stamp duty risks, restructuring and reorganisation risks, EU parent-subsidiary directive risks, tax residency issues, and other areas relating to corporate transactions. The team will be led by Alejandra Hernandez Irizarry based in London and Courtney Alonzo based in New York.
Hernandez joined CFC from an international accounting firm, where she worked as a US international tax consultant primarily advising alternative investment clients on cross-border transactions. Alonzo previously worked as a US international tax consultant advising asset management clients on cross-border matters, including reorganisations and fund structuring, investment and business activity review, global footprint and treaty qualifications.
Angus Marshall, head of transaction liability at CFC, said: “In today’s complex business landscape, mitigating tax-related risks in transactions is more crucial than ever. So much so, that 2023 has proven to be a record year for tax insurance.
“Our dedicated tax team will redefine the industry by combining a pragmatic and commercial approach to evaluating and underwriting tax risks, whilst looking to leverage our market leading tech platform to deliver scalable tax insurance solutions to our broker partners and clients.”
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