Tag: Captive Insurance

IMAC books self-help guru for annual talking-shop

IMAC books self-help guru for annual talking-shop

| 09/08/2017 | 0 Comments

(CNS Business): The author of the self-help book, The 5 Second Rule, and award-winning CNN contributor Mel Robbins will top the bill at the 25th Cayman Captive Forum this year, organisers of the conference, Insurance Managers Association of Cayman (IMAC), have said. The industry talking-shop will [...]

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Cayman captives boosted by non-traditional risk

Cayman captives boosted by non-traditional risk

| 22/09/2016 | 0 Comments

(CNS Business): So far, 2016 has been a very active year for new captive insurance formations, with 23 new licences granted over the first six months of the year, according to the Cayman Islands Monetary Authority. This number exceeded the issuance of licences in the whole of 2015.

“His [...]

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CIMA battles to find insurance chief

CIMA battles to find insurance chief

| 25/04/2016 | 1 Comment

(CNS Business): The Cayman Islands Monetary Authority has struggled to find someone for the post of Head of the Insurance Division, officials said, citing fierce competition in the insurance sector as a contributing factor. At present, the post has been temporarily filled by Ruwan Jayasekera, who [...]

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Cayman battles to attract insurance business

Cayman battles to attract insurance business

| 25/01/2016 | 1 Comment

(CNS Business): The ripple effects of health care reform in the United States and increasing competition from more than 80 captive domiciles around the world has required diligence by the industry to continue to attract new business, according to the Insurance Managers Association Cayman. However [...]

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Captives look for growth spots as soft market persists

Captives look for growth spots as soft market persists

| 14/12/2015 | 0 Comments

(CNS Business): As insurance and reinsurance rates have now declined for ten consecutive quarters, there can be no doubt about the depth of the soft market, which continues to constrain captive formation. This has left the industry looking towards new emerging markets for future growth opportunit [...]

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Captive industry still awaits CIMA figurehead

Captive industry still awaits CIMA figurehead

| 07/12/2015 | 4 Comments

(CNS Business): As CIMA updated delegates at the Cayman Captive Forum on its licensing activity and regulatory developments, it was unable to provide the update that many international clients have been waiting for, which is a new head of insurance supervision. Morag Nicol has been acting head o [...]

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Cayman Captive Forum targets generational advantage

Cayman Captive Forum targets generational advantage

| 23/11/2015 | 0 Comments

(CNS Business): Generational Kinetics, the study of how generational behavior and trends will influence future society and business, takes top billing at the 2015 Cayman Captive Forum, the biggest conference of the year on Island. Over 1,500, mostly international delegates, attended last year’s [...]

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Insurance firm lays off local workers

Insurance firm lays off local workers

| 07/10/2015 | 0 Comments

(CNS Business): Despite upbeat press statements recently about the success of the captive insurance business in the Cayman Islands, one firm has laid off a number of local workers. Sources tell CNS that around four Caymanians have been made redundant from the local office of Marsh, but the firm i [...]

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Canadian conference call for Cayman captives

Canadian conference call for Cayman captives

| 18/09/2015 | 0 Comments

(CNS Business): Representatives from the Cayman Islands captive insurance industry are heading to a major conference in Canada to highlight the benefits of Cayman as a domicile to a key target market. The 2015 Risk and Insurance Management Society (RIMS) Canada Conference is being held in Quebe [...]

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Industry award highlights Cayman’s captive record

Industry award highlights Cayman’s captive record

| 07/09/2015 | 0 Comments

(CNS Business): A major industry accolade for the Cayman Islands captive insurance sector has highlighted the strengths of this jurisdiction as a domicile for insurance and alternative risk transfer products. Cayman was recently named the ‘Top Offshore Domicile’ in the 2015 US Captive Servic [...]

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Greenlight Re has 2nd quarter loss

Greenlight Re has 2nd quarter loss

| 04/08/2015 | 0 Comments

(CNS Business): Greenlight Capital Re experienced its second straight quarterly loss for 2015 due to faltered investments, company leaders stated. The Cayman Islands based company announced its financial results this week, with a net loss of $39.6 million, compared to a net income of $109.6 milli [...]

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Kilpatrick receives captive industry  award

Kilpatrick receives captive industry award

| 20/04/2015 | 2 Comments

(CNS Business): Ian Kilpatrick, founder of Advantage International Management, is the recipient of the Captive Insurance Companies Association (CICA) 2015 Distinguished Service Award. The award recognises individuals or organisations that have made significant contributions to advancing the capt [...]

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IMAC says steady growth in Cayman Captives

IMAC says steady growth in Cayman Captives

| 09/02/2015 | 0 Comments

(CNS Business): The Cayman Islands remains the leading jurisdiction for healthcare captives, being home to 34 per cent of the captives in this classification, the Insurance Managers Association Cayman (IMAC) has stated, also noting that 22 new captives were formed in this jurisdiction over the co [...]

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Six jobs lost but new directors at local captive firm

Six jobs lost but new directors at local captive firm

| 29/01/2015 | 0 Comments

(CNS Business): Aon Captive and Insurance Management announced a number of structural changes to the Cayman office on Friday, where six jobs will be lost as a result of the moves, which was described by management as a “difficult decision”. Currently an office of 50 employees, Aon [...]

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2014 Cayman Captive Forum hosts record numbers

2014 Cayman Captive Forum hosts record numbers

| 22/12/2014 | 0 Comments

(CNS Business): The 22nd annual Cayman Captive Forum welcomed a record 1,499 registrants, securing its place once again as the world’s largest captive insurance conference. Captive Insurance industry leaders gathered in the Cayman Islands over three days of intensive discussions about c [...]

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