News
Analysis
After a decade of mostly uninterrupted GDP growth across G10 economies—with the notable exception of Japan and several European economies—investors are beginning to pause after lacklustre manufacturing data has heightened concerns that many economies may fall into recession, says Zafrin Nurmohamed of Butterfield Bank (Cayman). 16 December 2019
Analysis
Cayman offers a number of advantages as a captive insurance domicile, including tax neutrality, which is an important element that eliminates double taxation risk and contributes to the efficiency of time and resources spent on global tax compliance, says Jude Scott of Cayman Finance. 16 December 2019
Analysis
The future is looking bright for Cayman’s captive insurance sector, with 2019 delivering another year of solid growth in terms of premiums written and assets held. The Island is also diversifying into new areas of the insurance industry, boosted by its decision not to pursue Solvency II equivalence, says Adrian Lynch of the Insurance Managers Association of Cayman. 13 December 2019
Analysis
The Cayman Islands is well positioned to lead the development of the growing captive, insurance-linked securities and reinsurance industries and maintain its position as a reputable, responsible and world-class international re/insurance hub, says Cindy Scotland, managing director of the Cayman Islands Monetary Authority. 13 December 2019
Analysis
The Tennessee Department of Commerce and Insurance (TDCI) has appointed Jennifer Stalvey to the role of director of captive insurance. She has been with TDCI since 2014 and was promoted to assistant director of the captive insurance section in 2015. 12 December 2019
Analysis
Draft legislation in South Africa that will outline the required governance and risk management arrangements for captive cell agreements, will lead to a reduction in existing cell owners, according to the law firm, Clyde & Co. 12 December 2019
Analysis
The Irish SME Association (ISME) is considering developing specialist group captives to tackle the rising cost, and declining availability, of insurance among its members. 12 December 2019
Analysis
Kovrr, a platform allowing re/insurers to predict, price, and manage their cyber risk, has hired Marco Lo Giudice as head of pricing models development, expanding its cyber risk modelling team. 11 December 2019
Analysis
Risk Strategies has acquired the two subsidiaries of Gowrie Holdings: Gowrie Group (Gowrie), a full-service national specialty retail insurance brokerage; and Maritime Program Group (MPG), a marine-focused managing general agent (MGA). 11 December 2019
Analysis
Dominic Wheatley, CEO of Guernsey Finance, will leave his role at the end of June 2020, after more than five years of service. 10 December 2019
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