Grant Thornton Cayman Islands

Grant Thornton Cayman Islands
Grant Thornton
2nd floor Century Yard
Cricket Square
Grand Cayman
KY1-1102 PO Box 1044
Cayman Islands
+1 345 949 8588

Profile:

Jurisdiction of choice
A successful offshore jurisdiction requires political and economic stability, tax neutrality, a responsive and fair legal system, a sound regulatory framework and highly skilled service providers. The Cayman Islands is recognised as a major international financial centre with leadership in a number of areas, including top international banking centre, the world's leading domicile for offshore hedge funds, the second largest captive insurance centre and a world leader in structured finance.

Captive insurance
The Cayman Islands is the second largest offshore centre for captive insurance with over 730 insurance licenses, and is the number one jurisdiction for healthcare captives. In addition to healthcare insurance, captives will also insure workers compensation and other risks. Grant Thornton Cayman specialises in the audit of captive insurance companies, from those insuring small groups of individuals to large single parent captives, group captives and SPCs. All of our partners, managers and audit seniors have considerable experience in this field and understand the issues facing captive insurance companies and the industry.

Investment funds
The interest in investment funds by sophisticated and high net worth investors has grown significantly over the past decade, and the Cayman Islands are the industry leader for new fund formations. There are currently over 11,000 funds registered in Cayman. Working closely with our member firms in the US and Ireland, Grant Thornton in the Cayman Islands currently audit over 350 investment and hedge funds covering a wide spectrum of structures, domiciles, legal, regulatory and accounting standards and investment strategies. We audit funds ranging in size from start-ups to well-established funds including single funds with net asset values in excess of US$37 billion. We also provide specialist financial reporting advisory services to asset managers with assets in excess of US$1 trillion.

Areas of specialisation​:​

Jurisdictions:

Dara Keogh – Managing Partner – dara.keogh@ky.gt.com
Dara is a Fellow Chartered Accountant with over 20 years’ experience, and heads up the Insurance side of the Assurance practice. He serves on the Cayman Finance reinsurance focus group, on the research and development committee of the Insurance Managers Association and works closely with the Cayman Islands Monetary Authority in relation to the regulatory solvency & capital requirements for insurance and reinsurance companies.

Greg O’Driscoll – Partner and Head of Funds – greg.odriscoll@ky.gt.com
Greg is a Partner, Head of Funds and Business Development in Grant Thornton Cayman Islands. Greg works closely with the Grant Thornton member firms in the major financial services centres to enhance the services provided to the international financial services sector including clients with a global footprint. Greg is a member of Grant Thornton’s Global Financial Services Leadership team.

Gemma Henry – Head of Marketing – gemma.henry@ky.gt.com
Gemma is the team’s Business Development Manager and heads up the firm’s marketing activity. She joined the team in 2018 and brings 10 years’ experience to support business growth.