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Cayman analysis
This week the Cayman Islands Legislative Assembly passed an amendment to allow the registration of portfolio insurance companies (PICs) within segregated portfolio company insurers (SPCs). 28 March 2013
Cayman analysis
Cayman-based Palms Insurance Company has been assigned a financial strength rating of A (Excellent) by rating agency, AM Best. 27 March 2013
Actuarial & underwriting
According to a market study conducted by the Captive Insurance Companies Association, the greatest challenge in owning a captive, as reported by the survey participants, is retention/growth/expanded utilisation. 25 March 2013
Analysis
EIOPA has signed an operational Memorandum of Understanding with the World Bank agreeing to collaborate on the development of the global insurance sector. 21 March 2013
Asset management analysis
According to a special report issued this week by AM Best, captives survived the economic collapse but
Solvency II’s implementation presents considerable problems for the industry. 14 February 2013
Cayman analysis
The Cayman Islands Monetary Authority recently entered into a consultation process with industry regarding a new corporate governance regime. Captive International spoke with Rob Leadbetter. 5 February 2013
Cayman analysis
The Cayman Islands licensed 52 new captives during 2012, with a further 15 expected to receive approval this year. Formation numbers are a 58 percent improvement on those in 2011. 24 January 2013
Cayman analysis
Information technology is playing an increasingly prominent role in the running of captive entities. Here, its application in law, claims management and e-billing are explored. 10 January 2013
Analysis
Gordon Rowell, head of insurance supervision at the Insurance Managers Association Cayman (IMAC), confirmed at this years’ general meeting that the captive insurance industry is thriving. 13 December 2012
Cayman analysis
The Royal Cayman Island Police Service (RCIPS) has confirmed that Cayman Island Premier McKeeva Bush was arrested and then released on bail on Tuesday night. 13 December 2012
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