Rob Leadbetter has been appointed as the new chairman of the Insurance Managers Association of Cayman. He will take over from Clayton Price, who Leadbetter worked with extensively over the past two years.
The Cayman Islands Monetary Authority recently entered into a consultation process with industry regarding a new corporate governance regime. Captive International spoke with Rob Leadbetter.
Allianz has announced a new global partnership with Chinese pianist, Lang Lang.
The Delaware Department of Insurance reports a strong showing in 2012, the best year for captive growth since the state adopted captive law in 1988.
The Bermuda Monetary Authority (BMA) confirmed this week that it would not apply Solvency II to the Island’s captive sector.
KPMG expressed concern this week that the latest European Insurance and Occupational Pensions Authority (EIOPA) survey in the run up to Solvency II implementation could cause further delays.
Bermuda’s new One Bermuda Alliance (OBA) government has indicated that it intends to end work permit limits for non-Bermudian workers.
The Cayman Islands licensed 52 new captives during 2012, with a further 15 expected to receive approval this year. Formation numbers are a 58 percent improvement on those in 2011.
Entering the Latin American market requires close attention to the particular nuances of the region says Simon Owen, principal of Folio Insurance Management and Hyperion Risk Solutions.
Speaking at Dakota’s recent State of the State address, Dakota Dunes Senator, Dan Lederman said that active steps were being taken by the state to make its captive sector more competitive.