Captives should begin evaluating agreements that refer to the London Interbank Offered Rate (Libor) as soon as possible, according to Elyssa Nagle, senior manager at Johnson Lambert, to identify which ones may need to be modified.
Peruvian insurance provider Rimac (Rimac Seguros y Reaseguros), part of the Grupo Breca conglomerate, has become a member of Maxis Global Benefits Network (Maxis GBN). It now provides medical and life cover to Maxis GBN clients in Peru.
Launching a captive can ensure risk management efforts are rewarded with lower premiums, according to Mary Wolbert, director at Froedtert Health, a healthcare company.
Captives do not trap cash for their owners, according to a panel titled Debunking Common Captive Myths, speaking at the Cayman Captive Forum.
Cayman is constantly fighting against misconceptions and negative connotations that are “outdated, uninformed and inaccurate,” according to Suzanne Sadlier, deputy head of insurance at the Cayman Islands Monetary Authority (CIMA).
Captives should manage their expectations and not expect investment managers to always deliver sky-high, double digit returns, according to Hugh Barit, chairman and CEO of Performa.
Captives are often focused on managing their fixed costs, but losses often constitute an even greater proportion of their expenses, according to Eric Lark, partner at Kerr Russell, the Detroit-based law firm.
Artificial intelligence can save lives in hospitals by helping doctors make better diagnoses, according to Harry Hoar, a doctor at Baystate Health.
Companies are engaged in a war for talent that will only get increasingly fierce in coming years, according to Carla Harris, senior advisor at Morgan Stanley, as competitors fight to attract and retain the best young employees.
Investors are “pausing for thought” after two difficult years in the ILS market have taught them they can sustain large losses in this market, according to Peter Mullen, CEO at Artex, speaking at the Cayman Captive Forum.