Tag: Insurance Managers Association of Cayman
Captive market claims boost to local economy
(CNS): The Insurance Managers Association of Cayman claims that the captive market generated US$100 million for the local economy in 2016, based on recently published results from an economic impact survey. An IMAC survey found that the captive industry generated US$72 million in revenue for Cayman’s service providers, and currently provides employment for around 300, nearly half of whom […]
Cayman’s insurance sector eyes another successful year
(CNS Business): The Insurance Managers Association of Cayman is expecting 2017 to be another successful year for the industry. So far this year, 20 Class B licences have been issued, eleven of which represent third party insurers, as well as three Class C licences, and with the final quarter, normally the busiest of the year, still […]
CIMA finally fills top insurance post
(CNS Business): After several years without a leader at the helm of the Cayman Islands Monetary Authority’s insurance division, the regulator has finally filled the post. Following an open competitive recruitment process Ruwan Jayasekera has been confirmed as the new head of the department. Given the importance of the growing sector, there had been mounting […]
Cayman battles to attract insurance business
(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, IMAC Chair Kieran O’Mahony said he was confident that Cayman […]
Kilpatrick receives captive industry award
(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 captive insurance industry. Kilpatrick was presented with the prestigious award at the CICA 2015 International Conference by President Dennis Harwick.
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