Cayman Captive spoke with the Islands’ Premier, the Hon. Alden McLaughlin, about the government’s continuing commitment to the development of international business.
Cindy Scotland, managing director of the CIMA, outlines the strength of the Islands’ offering and addresses cause for further optimism.
It is an exciting time to be in the insurance business in the Cayman Islands. The industry is vibrant and there is an energy here that is fostering—and is fostered by—innovation, says IMAC’s chairman, Rob Leadbetter.
Cayman has the chance to develop its already dominant position in captive healthcare thanks to the Affordable Care Act, but opportunities also abound in geographies like Latin America and in lines such as workers’ comp.
Hollywood, politicians and the media are all trying to tarnish the gold-standard reputation that Cayman has worked hard to achieve, but the Island’s captive industry and regulators are fighting back.
Cayman has further developed its capabilities in the cell captive space through the introduction of the portfolio insurance company, as the jurisdiction looks to stay on the cutting edge of captive developments.