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Australia - Financial and Regulatory

Financial and Regulatory

Financial and Regulatory

Sunderland Marine is a wholly owned subsidiary of the Standard and Poor’s A-rated global marine mutual North of England Protecting and Indemnity Association Limited and is based in Newcastle upon Tyne, UK.

North and Sunderland Marine are each principally regulated by the UK Prudential Regulation Authority. Sunderland Marine’s business in Australia and New Zealand is underwritten by North under the Sunderland Marine brand.  North is a licensed overseas insurer in each of these jurisdictions.

Sunderland Marine’s business in the EEA is underwritten by North of England P&I Designated Activity Company, a wholly owned subsidiary of North incorporated in Ireland and regulated by the Central Bank of Ireland.


US Foreign Account Tax Compliance Act (FATCA)

FATCA is designed to increase transparency for the US tax authorities in relation to US persons earning income through non-US institutions. FATCA imposes withholding tax obligations where required reporting obligations are not met. To support FATCA compliance, our FATCA Form can be downloaded here.