The Insurance Managers Association of Cayman (IMAC), a nonprofit organisation that represents Cayman's captive and alternative risk management insurance industry, has launched a new brand identity for promoting the industry internationally.
The Cayman Islands Monetary Authority (CIMA) has signed a memorandum of understanding (MOU) with The National Association of Insurance Commissioners (NAIC).
Global Captive Management (GCM), a captive manager licensed in the Cayman Islands, South Carolina and New Jersey, has promoted three of its employees to its senior management team.
Specialised large account insurance broker Beecher Carlson has expanded its captive practice in the Cayman Islands with the appointment of Clayton Price.
The Cayman Islands Monetary Authority issued 14 captive insurance licenses during the second quarter of 2018, including two portfolio insurance companies (PICs).
International law firm Bedell Cristin plans to merge with Cayman-based law firm Solomon Harris.
Captive insurance and risk financing advisor Cutts-Watson Consulting has appointed Conor Jennings as a consultant, based in Guernsey.
James Bulkowski, senior manager at EY, will be relocating to the Cayman Islands from the US, effective July 9, and assuming an expanded role at the firm.
The UK House of Commons has passed a bill that would require public ownership registers in the Cayman Islands and other British Overseas Territories by December 2020.
Ratings agency AM Best has affirmed the financial strength rating of A (Excellent) of Palms Insurance Company, the Cayman Islands-based single parent captive of NextEra Energy Capital Holdings (NEECH).