FiscalReps, the market leader in IPT and VAT services for the global insurance industry, which was recently named ‘Tax Firm of the Year’ at the UK Captive Services Awards 2013, is launching an international consultancy practice to advise captive managers on tax and regulatory compliance and operational efficiency gains.

The new business, named FR Global Advisors (FRGA) has representative offices in Dublin, London and New York. It brings together the expertise of FiscalReps; the company’s US affiliate Asher Harris, a New York-based tax lawyer; and experienced insurance and risk finance consultant Stuart King, who will lead the business as Managing Director.

Mike Stalley FCA, Founder and Chief Executive of FiscalReps, says: “Together, our goal is to provide tailor-made advisory and support services to the captive industry, encompassing tax consulting, operational support, regulatory and compliance services.

“In particular, FRGA is building a suite of compliance solutions for captive management firms, enabling managers to save money on operational and compliance functions and focus their resources on serving and growing their client base.”

Stuart King FCCA brings a wealth of industry knowledge from his risk, finance, insurance and consulting experience, gained with firms that include Aon, Marsh and Swiss Re. Stuart has advised many of the world’s leading corporates on insurance programme optimisation, working with brokers to challenge existing insurance arrangements and develop global risk transfer solutions. He is also an expert in financial control and regulatory reporting within both the international commercial insurance market and the captive management industry.

King says: “By providing a robust, reliable client service delivery platform which leverages the process, procedures and expertise of both FiscalReps and Asher Harris, FRGA offers our clients, regulators and tax authorities alike the assurance of continued compliance, as well as the best opportunity to improve operating margins and re-deploy resources to drive client revenue growth.”

Harris says: “Over the past several years we have forged an extremely effective partnership with FiscalReps, offering insurers and captive management firms expert guidance on tax compliance in the US and internationally. FRGA formalizes this partnership and we look forward to advising clients on a broader range of mission-critical issues.”