The Cayman Islands captive insurance industry has enjoyed steady growth in 2014, with 22 new captives formed.
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.
Kieran O’Mahony of Marsh Cayman has succeeded Rob Leadbetter as chairman of the Insurance Managers Association Cayman (IMAC).
The Cayman office of Aon Insurance Managers has restructured operations, appointing three directors and losing six employees in the process.
The Cayman Islands has enacted regulations aimed at enhancing the Island's insurance statutory framework and providing more flexibility for insurers.
The Guernsey Financial Services Commission (GFSC) licensed 85 new international insurers during 2014.
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.
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 has reinforced its commitment to building the captive industry at the 2014 Cayman Captive Forum.
The 2014 Cayman Captive Forum is set to be another success, with registrations rapidly approaching the 1,400 mark.