Alex van der Wyck has been named the new CEO of Vunderink de Vries Insurance Consultants (VDV-IC), a new division of Vunderink De Vries (VDV).
van der Wyck joins a team of specialised professionals with over 20 years of experience in the field of Management Equity Plans.
The VDV-IC team is equipped to assist with a board’s exit decision-making process, quantify/qualify their overall tax risk, as well as with facilitating the underwriting data necessary for insurers to assess the risk quantify the premium and to accept the income tax liability for Management Equity (Incentive) Plans (MEP).
All this prepared for inception at closing date.
With his extensive experience and proven track record in The Netherlands, London, Europe, Middle East, Indonesia and Hong Kong – Asia, van der Wyck will be instrumental in expanding the VDV-IC’s presence across Europe, the firm highlighted.
“His leadership will be pivotal in delivering a new service and solution for corporate executives with management equity packages, providing income tax liability insurance for managers coming out of a private equity (PE) merger and acquisition (M&A),” Vunderink De Vries and Kai de Vries, founders of VDV, said.
Adding: “Our clients, CEO’s and CFOs have recognized their vulnerabilities that arise from the taxman’s retrospective scrutiny, the reclassification of yields as employment income, and the intricacies of tax valuation, MEP structuring and yield assessments.”
van der Wyck insurance expertise across all P&C lines will strengthen the firm’s future strategy as it plans, “a pan European rollout that will encompass a full consulting and Insurance solution, working with key brokers and insurance and reinsurance partners across Europe, VDV stated.
The VDV-IC was created to help ensure client’s are minimal, the remaining risk would be transferred to the insurance industry. This service is an answer to the vulnerabilities arising from retrospective monitoring by tax authorities, the reclassification of proceeds as labour income, and the complexities of tax valuation and proceeds assessments.
VDV-IC can monitor and assess these aspects and provide the necessary adjustments in the MEP in the pre-exit phase. The solution would protect executives from unforeseen income tax in the six years after the exit, with corporate also being protected from any unforeseen tax liabilities- this is a MEP income and corporate tax Liability Insurance solution.
“The power of Exit protection is found in securing the incentives of high exit values for executives without the fear of losing everything afterwards. With early engagement we can offer excellent services and initiate timely full detailed tax reviews and offer full protection through the insurance market with local brokers. We work with key international brokers and specialty markets, and we are working with new reinsurance markets to develop more capacity, ideally markets that can cope with international placements,” VDV-IC new CEO, van der Wyck commented.
