- Insurance Taxation
- Insurance Regulatory and Compliance
- International Tax
- Federal Tax
|Contact Info||Telephone: 212.389.5054|
|University ||City University of New York, Brooklyn College, B.S.|
|Law School||Brooklyn Law School, J.D., cum laude; Georgetown University Law Center, LL.M.|
|Admitted||1971, New York; 1972, District of Columbia|
Nationally recognized as an authority in the captive insurance industry, Bruce Wright counsels companies on a wide range of tax and insurance law issues, including formation of commercial offshore privately and publicly held entities. He also works with clients on the development of structured financial products such as securitizations, swaps, options and similar products used as alternatives to conventional risk financing mechanisms such as “rent-a-captives” and “cell companies.”
Representing domestic and foreign-based clients, Bruce advises property and casualty insurance companies, guides the formation of single parent/group captive insurers and counsels risk retention groups. With more than four decades of experience, he has helped clients successfully navigate an array of complex federal income tax issues such as debt or equity characterization, engaging in U.S. trade or business issues, continuity of interest, passive foreign investment company status, controlled foreign corporation status, limitations on the use of net operating losses, cancellation of indebtedness income, consequences of debt modification, original issue discount, federal excise tax and state premium tax on premiums paid to foreign investors.
Sutherland serves as lead adviser to insurer changing domicile of underwriting company outside of the United States.
Sutherland advises Verizon on the transfer of $7.5 billion pension obligation to Prudential.
Sutherland counsels clients with captive insurance structures for employee benefits.
Awards and Rankings
Ranked No. 4 in the latest edition of Captive Review magazine's “Power 50,” which recognizes the 50 most important figures in the international captive insurance community (2013-2014)
Ranked No. 8 in Captive Review magazine's “Power 50,” which recognizes the 50 most important figures in the international captive insurance community (2012-2013)
Recipient, U.S. Captive Outstanding Contribution Award, U.S. Captive Services Awards, Captive Review (2012)
Ranked No. 9 in Captive Review magazine's “Power 50,” which recognizes the 50 most important figures in the international captive insurance community (2011-2012)
Recognized as a distinguished benefactor by the Nevada Captive Insurance Association (2011)
Documents by this lawyer on Martindale.com
New York Tax Reform to Impact Captive Insurance Companies
Michele Borens,Jonathan A. Feldman,Jonathan A. Feldman,Jeffrey A. Friedman,P. Bruce Wright, February 28, 2014
In January, New York Governor Andrew Cuomo proposed broad corporate tax reform in his budget bill, which is currently winding its way through the legislature. The most significant proposal is a shift from a separate entity reporting regime to a full unitary combined group reporting regime. As part...
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