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Cayman introduces incorporated cell legislation for insurance sector
On 25 March 2013 the Insurance (Amendment) Law (the “Amendment Law”) was enacted to allow Cayman Islands segregated portfolio insurers (“SPC insurers”) to incorporate their cells for the first time.
Cayman gets it
With many European countries addressing sovereign debt issues and the impact of quantitative easing still yet to materially affect the US economy, the Cayman Islands continues to move forward, with a rating of Aaa.
Steady growth ahead - Cayman
Despite initial concerns that competition would slow the growth of the captive industry in the Cayman Islands, 2012 has ultimately been successful for Cayman , and the industry is showing no signs of waning.
Cayman: onwards and upwards
Richard Coles, chairman of Cayman Finance, outlines the success of another sterling year for the Islands’ captive sector and looks forward to this year’s Cayman Captive Forum.
The captive value proposition
Many pluses accrue to a parent from owning a captive: stability of pricing, freedom from the commercial market and improved long-term cash flow, to name just a few.
Adding in another line
Captive parents are increasingly considering adding additional and more complex lines to the roster. What lines can they potentially add and what are the benefits of doing so?
A centre for Caribbean risk
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.
Incorporated cell companies: the Cayman approach
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.
Perils of the sea, and other captive tails
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.
Increasing litigation oversight
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.
