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).
Conyers Dill & Pearman has appointed Derek Stenson as a partner in the Cayman Islands corporate practice.
While overall growth in captive formations has been nominal - less than 1 percent annual growth for total captives worldwide - there are group captive programmes which have experienced significant growth, with certain group programmes 50 percent growth in membership in the last five years, according to analysis in a Strategic Risk Solutions webinar.
The Cayman Islands licensed 33 new insurers in 2017, including 27 new class B insurers (captives and other commercial re/insurers) and six class C insurers (special purpose insurers).
Willis Towers Watson has appointed Alex Steele and Russell Nicholson to its Guernsey financial institutions practice.
Erin Brosnihan, new incoming chair of the Insurance Managers Association of Cayman (IMAC) has paid tribute to Linda Haddleton, the body’s former chair, who passed away last month.
The Minister of Finance for the Bahamas signed a Multilateral Convention on Mutual Administrative Assistance in Tax Matters. With this signing, The Bahamas becomes the 116th jurisdiction to join the world’s leading instrument for boosting transparency and combating cross-border tax evasion.