A recipe for success
Marcus Stafford (pictured) of Scotiabank provides a guide to the bank’s captive insurance team on Cayman.
We are proud to have the only fully dedicated captive banking team in the Cayman Islands. This is a dedicated relationship-driven service team with captive insurance industry experience and expertise delivering a first-class service with wealth management feel.
At Scotiabank we believe in mutually beneficial long-term relationships and that starts with getting to know you and your captive’s needs. This relationship grows over time as we meet you in person, at board meetings and presentations. We are then able to deliver a personalised long-term service strategy from a relationship manager you know and trust.
Integrated captive solutions
A fast-track account-opening procedure gives you access to the bank’s international online banking platform to facilitate receipt of funds and payment of claims/expenses online.
Our integrated approach gives us the ability to provide full-service financial service needs, drive down costs and boost efficiency of service while avoiding the additional administration work.
“Our integrated approach gives us the ability to provide full-service financial service needs.” Marcus Stafford
One-stop service
We provide a one-stop service solution to include operating accounts, fixed term deposits, notice investment accounts, credit facilities and asset management.
Letters of credit are issued directly by Scotiabank in New York, are National Association of Insurance Commissioners-approved and accepted by all US admitted carriers. Letters of credit issued can be collateralised by all forms of acceptable security.
Asset management is delivered through world-class investment managers experienced in crafting and implementing bespoke investment management programmes for our clients.
Marcus Stafford is the director of captive insurance services at Scotiabank. He can be contacted at: marcus.stafford@scotiabank.com
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