In 2017, the Cayman Islands Monetary Authority will continue to engage with the captives industry, and collaborate with other stakeholders to identify areas where greater efficiency, flexibility and innovation are necessary.
The Cayman financial regulator and the Insurance Managers Association of Cayman have worked hard to apply the appropriate supervisory approach to captives and traditional re/insurance companies, as Kieran O’Mahony, chair of IMAC, explains.
Cayman has a lot to offer, with a healthy economy and a developing infrastructure being enhanced by multiple capital projects, and the future is bright for the financial services sector, says Wayne Panton, Minister for Financial Services, Commerce & Environment.
As global developments shape its future, Cayman stands firmly on its competitive advantages and a solid framework through which to attract business, writes Hon. Alden McLaughlin, Premier of the Cayman Islands.
We are in a ‘low return’ world: What is the market outlook and how should captives navigate it? Lisl Lewis at London & Capital offers some guidance.
One solution to funding for property damage caused by hurricanes is a captive insurance company. It can be treated as a real insurance company for tax purposes and help a company to save for a stormy day, says Jeffrey Kenneson of R&Q Captive Management.
Captives are front and centre as a risk management tool and are being utilised in ways that were never thought of 20 years ago, says Dennis P. Harwick, president of the Captive Insurance Companies Association
The growing number of onshore jurisdictions means it is increasingly tempting to domicile your captive close to home. But is this really a better option than offshore? US Captive investigates.
A company’s chief risk officer has many roles but the right technological support can drive the risk conversation at board level and help make the role invaluable, argues Elaine Barclay of InsuBiz.
The Financial Services Commission has been busy updating the BVI’s legislation to further improve the regulatory environment and the options available to potential captive owners. Helen Janes, TEAM BVI member for BVI Finance and chairman of the BVI Association of Insurance Managers, explains some of the new rules to US Captive.