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Steady captive growth on the Cayman Islands
The Cayman Islands captive insurance industry has enjoyed steady growth in 2014, with 22 new captives formed.
Abuse of captives included in IRS ‘Dirty Dozen’
Using abusive tax shelters and structures to avoid paying taxes continues to be a problem and remains on the Internal Revenue Service’s (IRS) annual list of tax scams.
IMAC elects new board
Kieran O’Mahony of Marsh Cayman has succeeded Rob Leadbetter as chairman of the Insurance Managers Association Cayman (IMAC).
Aon Cayman restructures team
The Cayman office of Aon Insurance Managers has restructured operations, appointing three directors and losing six employees in the process.
Cayman enacts new insurance regulations
The Cayman Islands has enacted regulations aimed at enhancing the Island's insurance statutory framework and providing more flexibility for insurers.
Guernsey closes 2014 with 85 new insurers
The Guernsey Financial Services Commission (GFSC) licensed 85 new international insurers during 2014.
2014 Cayman Captive Forum hosts record numbers
The 22nd annual Cayman Captive Forum welcomed a record 1,499 registrants, securing its place once again as the world’s largest captive insurance conference.
RBC exits the Caribbean
The Royal Bank of Canada (RBC) has confirmed that it will exit most of its wealth management operations in the Caribbean, including its captive business.
Cayman committed to building industry
Cayman has reinforced its commitment to building the captive industry at the 2014 Cayman Captive Forum.
Cayman Captive Forum rapidly approaching
The 2014 Cayman Captive Forum is set to be another success, with registrations rapidly approaching the 1,400 mark.
