In choosing a home for its captive the Caribbean Catastrophe Risk Insurance Facility opted for Cayman’s welcoming shores. We discover the reasons and its significance to the natcat coverage of the region.
Paul Scrivener, partner with Cayman Islands law firm Solomon Harris, outlines proposed new legislation to permit Cayman Islands segregated portfolio company insurers to incorporate their cells.
With experience of a number of recent high profile maritime disasters, Andrew Cater of the United Insurance Company discusses the relevance of a captive solution to cover complex maritime risks.
Information technology is playing an increasingly prominent role in helping captives understand, manage and strengthen their claims and litigation process. Gary R Markham of LSG discusses the role IT is playing.
A thoughtful and attentive audit can cast a telling spotlight on the finances of any captive. Following a troubled few years in the financial markets, such scrutiny is all the more pressing, says Geoff Johnson at BDO.
To derive maximum benefit from future audits, captives would do well to apply proactive best practice. Melanie Snyman, Ian Bridges and Damian Pentney of PwC outline exactly what captives should be paying attention to.
The convergence of international and US accounting and financial standards will be a test for companies in the coming months. Ben Leung and Rennie Khan of PKF (Cayman) explore the challenges ahead.
Achieving investment returns on previously ‘safe’ instruments is challenging in today’s markets. Colin Freeman of Barclays explores the optimal level of portfolio risk captives can achieve in such conditions.
The danger of interest rate rises has been talked up, but Ed Goard of Munder Capital believes that the threat is overplayed, and argues that the captive sector should prepare for a long-term low interest rate environment.
With US low interest rates and troubled economic conditions a feature of the landscape, what kind of returns can captives expect from their US bond and stock investments? The Vanguard team investigates.