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Conyers welcomes partner to corporate practice in Cayman

Cayman Islands09-04-2018

Conyers Dill & Pearman has appointed Derek Stenson as a partner in the Cayman Islands corporate practice.

Captive formation stats don’t give full picture on group captive growth


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.

Cayman licenses 33 insurers in 2017

Cayman Islands29-01-2018

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 builds Guernsey finance practice with two targeted hires


Willis Towers Watson has appointed Alex Steele and Russell Nicholson to its Guernsey financial institutions practice.

Incoming IMAC chair pays tribute to Linda Haddleton

Cayman Islands22-12-2017Insurance, Reinsurance

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.

Bahamas signs key OECD commitment to tax transparency

Cayman Islands, North America18-12-2017Insurance, Reinsurance

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.

Captive insurance generates $100m for Cayman's economy

Cayman Islands14-12-2017Insurance, Reinsurance

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'

Cayman Islands06-12-2017Insurance

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

Cayman Islands30-11-2017Insurance

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.

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