17 October 2014Cayman analysis

Cayman to spearhead healthcare risk management event

A 31- strong Cayman delegation, including the Cayman Islands Premier, will be heading to Anaheim California to represent the jurisdiction’s captive insurance industry at the American Society for Healthcare Risk Management annual conference (ASHRM).

Representatives from the key insurance managers, law and audit firms, financial institutions and the regulator, the Cayman Islands Monetary Authority (CIMA), will be joined by the Hon. Premier Alden McLaughlin, councillor Roy McTaggart and Tamara Ebanks, deputy chief officer of the Ministry of Financial Services between October 26-29, to discuss captive insurance and regulatory issues.

Generally with over 2,000 registered attendees, delegates will be able to meet with the government officials as well as with Cindy Scotland, managing director of CIMA and George Kamau, chief analyst in the insurance supervision division.

IMAC chairperson Rob Leadbetter will also be in attendance. “ASHRM is an excellent conference for Cayman to exhibit at. All of us have clients who attend each year, which gives us an opportunity to catch up with them and introduce them to senior government officials and senior management of CIMA. We also talk to scores of people who are not so familiar with captives about how these structures can be effectively used in their own healthcare companies. We invite delegates to come and speak to us at booth #302!” he said.

IMAC is also making final preparations for their own Cayman Captive Forum, which is now the world’s largest captive conference. With already more than 900 delegates confirmed, registration rates are progressing more quickly than last year.