PwC Cayman

PwC Cayman 

18 Forum Lane,

Grand Cayman

Cayman Islands

Phone: +1 345-949-7000

PwC Cayman Islands showcases distinct expertise across a wide range of areas, including external audit, actuarial consulting, internal audit, risk advisory, IT consulting and cybersecurity, compliance, corporate finance, and U.S. taxation. Our locally based (re)insurance team brings unmatched industry expertise, supported by our (re)insurance global network allows us to access high calibre resources who are both experienced and knowledgeable, delivering value with a regional and global perspective and a thoughtful local touch.

By blending agile, streamlined approaches with leading audit technology, innovative thinking, and profound industry knowledge, we design, build, and implement evolved audits that foster trust in a changing world. We possess comprehensive expertise across sectors, including property & casualty (re)insurers, long tail (re)insurers, and life and annuity (re)insurers, allowing us to deeply understand the intricacies of our clients' businesses.

Our actuarial practice comprises over 1,000 specialists across 36 countries, offering life, health, and property and casualty assurance and advisory services. In the Cayman Islands, we provide valuation, governance support, pricing, and outsourced services, tailored to meet local needs.

Our U.S. tax services are primarily focused on key industry groups, including commercial insurers and reinsurers, ILS vehicles, captive (re)insurance companies, and offshore investment funds.

Our cutting-edge internal audit services are crafted to elevate organizational capabilities, providing a fresh lens on risk and enabling decisive actions in uncertain environments. Covering the entire spectrum of the risk landscape, our approach delivers independent assessments, fosters strategic insights, strengthens governance, and promotes operational efficiency. This empowers your organization to navigate complexities with agility and seize growth opportunities.

In the realm of SOX compliance, our services offer comprehensive support to ensure robust compliance and reinforce internal controls. We provide a full suite of solutions, including implementation, testing, and rationalization. Working collaboratively with clients, we streamline processes and tailor control frameworks to address unique organizational risks. Through rigorous testing, we guarantee the effectiveness of these controls, enhancing compliance and safeguarding operations.

Our KYC Managed Services are grounded in shared goals and outcomes, empowering organizations to navigate the complex regulatory landscape of the Cayman Islands effectively.  We understand that AML is complex work, and that some tasks require sound human judgement while others will benefit from automation. Our managed services teams also work closely with our financial crime advisory colleagues, who lend their expertise when new or unusual situations arise.

In IT consulting and cybersecurity, we enable organizations to safeguard critical assets and maximize operational efficiency. Our customized solutions mitigate risks, ensure regulatory compliance, and provide real-time insights for strategic decision-making. We develop IT governance strategies aligned with industry standards and conduct vulnerability assessments and penetration testing to identify and address system weaknesses, enhancing data protection measures and ensuring resilience against evolving threats.

Meanwhile, our transaction services group provides a broad range of valuation and M&A services to the (re)insurance industry. We support investment portfolio valuations for complex or illiquid securities to meet regulatory and financial reporting obligations. Our team can also assist with M&A transactions via lead advisory services, fairness opinions, purchase price allocations, intangible asset valuation, and financial due diligence, delivering confidence and clarity in transaction strategy and execution.

Functions/services:

External audit, Actuarial consulting, Internal audit, SOX compliance services, KYC managed services, IT Consulting and Cybersecurity, Regulatory and technical accounting consulting, US taxation and Transaction services.

Regions and/or countries:

At PwC, we draw on the collective skills and experience of more than 370,000 people across our network of firms in 149 countries.

Key Contacts:

Ric Agrella

Insurance Leader I Partner

Email: ricardo.a.agrella@pwc.com

Ricardo has significant experience in the (re)insurance industry and his client experience comprises a variety of (re)insurance companies including single parent captives, group captives, segregated portfolio companies, portfolio insurance companies, life and annuity reinsurers and commercial insurers.

Damian Pentney

Partner

Email: damian.pentney@pwc.com

Damian, former insurance leader at PwC Cayman Islands, has over 30 years of audit and advisory experience, mainly with PwC. His expertise spans domestic insurers, reinsurance, captive insurance, and bank and trust companies, with a client focus on reinsurers and special purpose insurers.