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Captive insurance generates $100m for Cayman's economy
Cayman’s captive insurance industry has generated a total of $100 million for the island’s economy in 2016, with results from an economic impact survey having been recently released by the Insurance Managers Association of Cayman (IMAC).
IMAC welcomes EU decision to not include Cayman on tax haven 'blacklist'
The European Union yesterday released its results of a 10-month investigation into countries that it claims are not doing enough to crack down on offshore tax avoidance schemes.
Bermuda captives remain profitable, BMA report shows
The Bermuda captive market was profitable for the 2016 financial year-end, with a median loss ratio of 49 percent and combined ratio of 75 percent for Bermuda general business captives.
Cayman captive market strong claims CIMA head
The Cayman captive market is in good health, according to Ruwan Jayasekera, Head of Insurance at CIMA, as he addressed delegates at the Cayman Captive Forum.
Cayman Government welcomes Cayman Captive Forum attendees
Delegates at the 2017 Cayman Captive Forum have been officially welcomed on behalf of the Cayman Islands Government, with a speech from the Right Hon Roy Mctaggert, Minister of Financial Affairs.
IMAC opens 2017 Cayman Captive Forum
The 2017 Cayman Captive Forum has opened with Erin Brosnihan, vice chair of IMAC, welcoming attendees. She said that that she was proud and excited to recognise the milestone of 25 years of the conference, which has gone from its inaugural event where a few dozen attended, to now attracting over 1400 delegates. Brosnihan claimed that this year’s forum was the biggest yet, making it the leading attended captive conference in the world.
Artex buys up Chandler Insurance Management
Artex Risk Solutions has announced the acquisition of Chandler Insurance Management for an undisclosed sum.
23 new insurer licenses issued in Cayman Islands so far in 2017
The Cayman Islands insurance industry has issued 23 new insurance licenses so far in 2017, as of October 9.
AM Best rates Schlumberger's three captives
AM Best has affirmed the financial strength rating of A (Excellent) of Castle Harbour Insurance, Harrington Sound Insurance and Colliers Bay Insurance.
AM Best gives ‘Excellent’ rating to Phillips 66 captives
Ratings agency AM Best has affirmed the financial strength rating of A (Excellent) of Spirit Insurance Company and, based in Vermont, and Radius Insurance Company, based in the Cayman Islands. The outlook of these ratings is stable.
