The Captive Insurance Companies Association (CICA) board of directors has named Dan Towle as its new president, to replace the outgoing Dennis Harwick.
An increasing amount of international companies are setting up multinational pooling and captive arrangements to tackle the rising costs of employee benefits, according to Willis Towers Watson.
The Insurance Managers Association of Cayman (IMAC) has appointed Linda Haddleton, the managing director of Artex, as its new chairperson.
A majority of executives are concerned that the captive insurance industry will face a shortage of adequately trained staff in the future, according to an exclusive online poll conducted by the website Captive International.
Despite growing concerns about the challenges facing captives domiciled in the Cayman Islands, Conor Jennings, managing director of Captiva Managers, tells Captive International that the overall picture is positive.
Kieran O'Mahony, chairman of IMAC, has welcomed delegates to the 24th Cayman Captive Conference, telling the audience that registrations had exceeded 1500, a record high for the event.
The Cayman Captive Forum, hosted by the Insurance Managers Association of Cayman (IMAC), is expected to attract over 1,400 delegates registered for the event.
Greenlight Capital Re’s net profits in the third quarter of 2016 were $30 million, compared to a net loss of $219.7 million for the same period of 2015.
Atlas Insurance Management (Atlas), a Charlotte-based captive insurance management firm, has restructured its executive management team to accommodate its increase in business demands and staffing within both its onshore Charlotte office and its offshore Cayman Islands office.
The Cayman Islands captive management industry enjoyed continued success in new captive formations between July 1 to September 30, 2016 with 10 new formations for the 3 month period according to the Insurance Managers Association of Cayman (IMAC).