Press Room

“The way we communicate with others and with ourselves ultimately determines the quality of our lives” ~ Anthony Robbins

Tue-Sep-19-2017

Innovation at ASHRM thanks to Cayman Captive Industry

George Town, Grand Cayman, 14 September 2017 In this new and ever-changing world of technology, the Cayman Islands’ captive insurance industry is currently focusing on leveraging and easing communications with its stakeholders through digital media. This is...

More ++

Thu-Sep-14-2017

"Cayman comes from position of strength"- the conclusion from IMAC's first webinar of the new series

George Town, Grand Cayman, 13 September 2017 In the first recorded panel discussion- in what is to be a quarterly feature- it was stated by those who use the Cayman Islands as a domicile for captive insurance companies that Cayman “comes from a position of ...

More ++

Mon-Aug-07-2017

Mel Robbins to Keynote 25th Cayman Captive Forum

With only four months until the 25th Cayman Captive Forum is underway, the Insurance Managers Association of Cayman (IMAC) have been busy planning what is to be another impressive lineup of speakers. Known for being the world’s largest captive insurance con...

More ++

Thu-Apr-27-2017

RIMS 2017 CONFERENCE COVERAGE

IMAC attended The Risk Management Society (RIMS) Annual Conference & Exhibition, held last week in Philadelphia on 23-26 April.  IMAC Chair, Linda Haddleton was joined by CIMA Head of Insurance, Ruwan Jayasekera. Together they spoke with A.M. BestTV on ...

More ++

Thu-Apr-13-2017

Buoyant Start to 2017 for Cayman Insurance Industry

George Town, Grand Cayman: 13 April 2017 Following an excellent year for new insurer licenses issued in 2016 (39 in total), the Cayman Islands Insurance Industry has seen a buoyant start to 2017, with 8 new Insurer licenses issued in the first quarter.  The...

More ++

Tue-Mar-21-2017

Evolution – How Cayman Is Transforming Itself into an International Insurance & Reinsurance Jurisdiction

Insights - a Risk and Insurance article published on March 21, 2017. Offshore domiciles like the Cayman Islands maintain their edge by creating new solutions and offering key advantages that others can’t match. Today’s captive landscape looks very different...

More ++

Fri-Feb-24-2017

IMAC Thanks Its Scholarship Donors

The IMAC Scholarship Fund was formed in 1994 to assist with the post high school education of young Caymanians. Contributions are derived from the Association, local insurance managers, captive insurance companies registered in Cayman, along with proceeds o...

More ++

Mon-Feb-20-2017

CIMA Confirms New Fast-Track Approval for Cat Bonds

(Grand Cayman – Monday, 20 February 2017) The Cayman Islands Monetary Authority (CIMA) has recently taken further steps to streamline applications for Catastrophe Bond Vehicles (Cat bonds) of Class ‘C’ insurers. This new regime will also make the registrati...

More ++

Wed-Jan-18-2017

New Cayman Captive Formations Continue Apace

George Town, Grand Cayman: 18 January 2017 The Cayman Islands insurance management industry enjoyed remarkable success in new captive, international insurance and reinsurance and life and annuity company formations during the 4th quarter of 2016, with a tot...

More ++

Tue-Dec-13-2016

2016 Captive Forum Success

HOPE – A KEY MESSAGE AT CAYMAN CAPTIVE FORUM George Town, Grand Cayman, 12 December 2016 “Don’t give up hope” was the message by keynote speaker ultra-distance swimmer Diana Nyad that reverberated the halls of the Ritz-Carlton, Grand Cayman at the 24th annu...

More ++

Wed-Nov-30-2016

A.M. Best TV - Cayman Captive Forum 2016 Interviews

Please visit www.ambest.tv/imac16 to view the A.M. Best TV Interviews at the Cayman Captive Forum 2016, The Ritz-Carlton, Grand Cayman.

More ++

Mon-Nov-28-2016

Cayman Captive Forum to Wow Again

George Town, Grand Cayman, 28 November 2016 Twenty four years on, the Cayman Captive Forum is expected to wow the more than 1,400 delegates registered once again.  The Forum, having grown from humble beginnings is now well-touted as the largest captive insu...

More ++

Fri-Oct-14-2016

New Cayman Captive Formations Continue Apace

George Town, Grand Cayman: 14 October 2016 The Cayman Islands captive management industry enjoyed continued and remarkable success in new captive formations during the period July 1, 2016 to September 30, 2016 with 10 new formations for the 3 month period. ...

More ++

Tue-Sep-20-2016

Cayman Captive Insurance Visits ASHRM 2016, Orlando, Florida

MEDIA RELEASE George Town, Grand Cayman, Cayman Islands 21 September 2016 A 30- strong Cayman Island’s delegation, will be heading to Orlando, Florida to represent the jurisdiction’s captive insurance industry at the American Society for Healthcare Risk Man...

More ++

Tue-Sep-06-2016

Cayman Captive Insurance Industry Builds its Presence in Canada

George Town, Grand Cayman, 6 September, 2016 The Cayman Islands captive insurance industry continues to build its position within the Canadian market as they head to the 2016 Risk and Insurance Management Society (RIMS) Canada Conference which is being held...

More ++

Tue-Aug-16-2016

The Best Show in Town

Do you happen to know what the largest annual conference in Cayman is? It lasts for three days, attracts over 1,400 delegates every November/December, and is held at the Ritz Carlton Hotel.  Every other hotel is also jam packed and for the restaurants and ...

More ++

Fri-Jul-29-2016

New reinsurer Alesia Re domiciles in Cayman

New reinsurance company, Alesia Re, SPC just recently received approval from the Cayman Islands Monetary Authority as a Class D Reinsurer, with a focus on pension risk transfer and associated risks portfolios. Appleby is acting as Cayman counsel to Alesia R...

More ++

Tue-Jul-19-2016

New Head of Insurance Appointed

George Town, Grand Cayman, 19 July 2016 The captive and re/insurance industry in the Cayman Islands is delighted with the announcement that Ruwan Jayasekera has been appointed as Head of Insurance Supervision. Kieran O’Mahony, Chairman of the Insurance Mana...

More ++

Tue-May-17-2016

Captive Start-Up Report 2016 (Captive Review)

Tuesday, May 17, 2016 Sophie Thompson Captive Start-Up Report 2016 (by Captive Review) Tags: Arsenal Insurance Management, Artex, Atlas, bingham greenebaum doll, BVI Finance, EY, formation, frontrunner captive management, great american insurance compan...

More ++

Tue-Apr-12-2016

2016-04-12 RIMS Interviews

Members of our Cayman delegation were interviewed by the media in April at RIMS 2016 in San Diego. Click on the links to watch these videos: IMAC's O'Mahony: U.S. Healthcare Drives Captive Business in Cayman.  Kieran O'Mahony, chairman, Insurance Managers A...

More ++

Fri-Apr-08-2016

Cayman Captive Delegation on the Road to RIMS 2016

Dozens of representatives from Cayman’s captive insurance industry, including the Insurance Managers Association of Cayman (IMAC), Government officials and representatives of the Cayman Islands Monetary Authority (CIMA), and Cayman Finance will be on the ro...

More ++

Wed-Apr-06-2016

Captive Review - 2016 LatAm Report

On the international captive stage, Latin America is often seen as being “new” and “underdeveloped”. This conclusion is drawn in comparison to the United States and European markets. Latin America has, however, a captive insurance industry dating back to th...

More ++

Thu-Mar-03-2016

2016-03-02 Cayman Islands Portfolio Insurance Companies - The PIC of the Bunch

(Reproduced with permission of Walkers and Captive Insurance Times.) Partner Ramesh Maharaj and associate Derek Stenson met with Becky Butcher of The Captive Insurance Times to discuss the popularity of the Cayman Islands Portfolio Insurance Company (PIC). ...

More ++

Fri-Feb-19-2016

CIMA Announces REEFS Industry-wide roll out effective March 1, 2016

The Cayman Islands Monetary Authority launched its new Regulatory Enhanced Electronic Forms Submission (REEFS) system in 2015. Following the successful trial period, the Authority would like to advise Insurance Managers of the industry-wide roll-out of the ...

More ++

Thu-Jan-28-2016

Cayman Insurance Managers Elect New Board

On Wednesday 20 January 2016 at the IMAC AGM the new executive committee was elected. Kieran O'Mahony, and Linda Haddleton continue as IMAC Chair and IMAC Vice Chair / Legislative and Regulatory Committee Chair respectively. Joining them are continuing exec...

More ++

Mon-Jan-18-2016

2015 New Cayman Captive Formations Continue Apace

2015 New Cayman Captive Formations Continue A Pace George Town, Grand Cayman: 18 January 2016 The Cayman Islands captive insurance industry enjoyed robust new captive formation numbers throughout 2015 with 22 new licences being recorded, mirroring the previ...

More ++

Wed-Dec-16-2015

2015 Cayman Captive Forum – Another Record Year

The 23rd annual Cayman Captive Forum hosted nearly 1,500 registrants, securing its place once again as the world’s largest captive insurance conference. Captive insurance industry leaders gathered in the Cayman Islands for three days of informative sessions...

More ++

Tue-Oct-20-2015

Industry Advisory: CRS Regulations Are in Effect

Industry is advised that the Common Reporting Standard (CRS) regulations are available on the Department of International Tax Cooperation website, as they were gazetted on Friday, 16 October, and are now in force.   These regulations are a key component of ...

More ++

Wed-Sep-30-2015

Cayman – The Healthcare Captive Domicile

The healthcare industry in the United States is undergoing exceptional transformation, sparked as a consequence of the Affordable Care Act in the USA and the ripple effect changes that have ensued.   Mergers and acquisitions, expanded health coverage for mi...

More ++

Mon-Sep-14-2015

CAYMAN CAPTIVE INSURANCE INDUSTRY TO REMAIN IN INTERNATIONAL SPOTLIGHT

Following last month’s prestigious recognition at the US Captive Services Awards, where the Cayman Islands was named as the leading offshore captive domicile, the Cayman Islands captive insurance industry is once again stepping into the spotlight. This time...

More ++

Fri-Aug-14-2015

CAYMAN AWARDED TOP OFFSHORE DOMICILE FOR CAPTIVES

The Cayman Islands has been recognised at the 2015 US Captive Services Awards, winning the top prize in the 2015 ‘Offshore Captive Domicile’ category. Cayman won the award by demonstrating its ongoing commitment to the captive sector and by passing new Port...

More ++

Thu-Jul-09-2015

Insurance Managers Welcome new CIMA Deputy Head of Insurance

George Town, Grand Cayman, 9 July 2015 The Insurance Managers Association of Cayman (IMAC) extends a warm welcome to Mr. Razaak “Raz” Busari as Deputy Head of Insurance Supervision Division. Mr. Busari officially started in his post 22 June 2015, bringing w...

More ++

Wed-Jul-01-2015

Industry Advisory: Guidance Notes Update

As the competent authority for international exchange of information for tax purposes, the Tax Information Authority, in accordance with powers conferred by Regulations, today is issuing version 2.1 of the Guidance Notes on the International Tax Compliance ...

More ++

Fri-Jun-19-2015

OECD Responds to EU’s Blacklist

The Cayman Islands Government, along with its fellow 126 members of the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes, today received an email signed jointly by the Director of the OECD Centre for Tax Policy and Administra...

More ++

Tue-Jun-16-2015

Cayman Moves Forward with Implementing the CRS

The Department of International Tax Cooperation (DITC) is moving forward with implementing the Common Reporting Standard (CRS), via the introduction of local regulations, by October 2015. In anticipation of the local regulations for CRS, financial instituti...

More ++

Mon-Jun-01-2015

Ministry Confirms Publication of FATCA Nil Returns Amendment

Following the announcement by the Ministry of Financial Services on 19 March 2015 that Cabinet had given approval to amend the mandatory nil return requirement for FATCA reporting, industry is now advised that the necessary amendments giving effect to this ...

More ++

Wed-May-27-2015

Cayman Delegation at RIMS 2015

The Cayman delegation was out in force at RIMS 2015

More ++

Wed-Apr-22-2015

Cayman Captive Delegations Heads to RIMS 2015

George Town, Grand Cayman, 21 April 2015 A 30-strong Cayman delegation is heading to New Orleans to the annual Risk Management Society (RIMS) conference April 26 – 29 to talk to the thousands of risk managers that will be in attendance about the benefits of...

More ++

Tue-Apr-21-2015

Ian Kilpatrick Receives Highest Captive Industry Award

George Town, Grand Cayman, 21 April 2015 Ian Kilpatrick, founder of Advantage International Management, has received the captive insurance industry’s most prestigious award, the Captive Insurance Companies Association’s (CICA) Distinguished Service Award. M...

More ++

Thu-Mar-19-2015

Ministry Announces Official Opening of AEOI Portal

Industry is advised that the Cayman Islands Automatic Exchange of Information (AEOI) Portal is open as of 3:15 p.m. on Thursday, 19 March 2015. The AEOI Portal is now available for financial institutions to conduct their Notification and Reporting obligatio...

More ++

Mon-Feb-09-2015

Steady Growth in Cayman Captives

George Town, Grand Cayman: 3 February 2015 The Cayman Islands captive insurance industry enjoyed steady, sustained growth in 2014, with 22 new captives formed.  The total number of captives domiciled in Cayman was 759 as at 31 December 2014, pure captives r...

More ++

Fri-Feb-06-2015

Cayman Insurance Managers Elect New Board

Kieran O’Mahony of Marsh Cayman has taken the Insurance Managers Association Cayman (IMAC) reins from outgoing chairperson Rob Leadbetter at the 2015 Annual General Meeting, which was held 22 January 2015. Joining him as the new board are:  Linda Haddleton...

More ++

Thu-Jan-29-2015

Cayman Enacts PIC Regulations

MEDIA RELEASE Cayman Enacts PIC Regulations George Town, Grand Cayman, 29 January 2015 The Cayman Islands Insurance (Portfolio Insurance Companies) (PIC) Regulations 2015 were passed 16 January 2015, along with related sections of The Insurance (Amendment) ...

More ++

Tue-Dec-30-2014

Government Issues Beneficial Ownership Report

The Cayman Islands Government today issued a report stating that it will continue its current method of providing beneficial ownership information to law enforcement, tax and regulatory authorities, as the method adheres to global standards. As explained in...

More ++

Tue-Dec-23-2014

IMAC Welcomes New Cayman Finance CEO

The Insurance Managers Association of Cayman congratulates Mr. Jude Scott on his appointment as CEO of Cayman Finance.  IMAC Chairperson Rob Leadbetter personally extended his warm wishes:  “Mr. Scott is well-known in international financial circles for his...

More ++

Thu-Dec-18-2014

2014 Cayman Captive Forum Hosts Record Numbers

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. Captive Insurance industry leaders gathered in the Cayman Islands over three days of intensive discu...

More ++

Mon-Dec-15-2014

Cayman Issues Updated FATCA Guidance Notes

As the competent authority for international exchange of information for tax purposes, the Tax Information Authority, in accordance with powers conferred by The Tax Information Authority (International Tax Compliance) (United States of America) Regulations,...

More ++

Fri-Nov-28-2014

IMAC to Host Cayman Captive Forum, the World's Largest Captive Insurance Conference

George Town, Grand Cayman, 28 November 2014 The 2014 Cayman Captive Forum is set to be another huge success, with registrations approaching the 1,400 mark.  Hosted by the Insurance Managers Association of Cayman (IMAC), the annual conference, which is to be...

More ++

Tue-Nov-25-2014

Ministry Announces Implementation of AEOI Portal

The Department for International Tax Cooperation has commenced its systems implementation for automatic exchange of information (AEOI), to enable financial institutions to conduct their notifications and reporting to the Tax Information Authority (TIA) in 2...

More ++

Tue-Oct-28-2014

Cayman Officially Removed from Colombia’s Tax Haven List

From:  Ministry of Financial Services, Cayman Islands Government Because of our participation in the Convention on Mutual Administrative Assistance in Tax Matters, the Cayman Islands has been removed from Colombia’s Tax Haven List. The convention came into ...

More ++

Wed-Oct-22-2014

Michael Howard

Michael John Howard – ‘Mike’ Mike Howard passed away on Tuesday the 14th October 2014. Mike was involved in the captive insurance industry in the Cayman Islands since 1981 when he first arrived to the islands, and was well known and liked by many in the ind...

More ++

Tue-Oct-21-2014

CIMA Releases Q3 Insurance Statistics

The Q3 statistics have been released by the Cayman Islands Monetray Authority's Insurance Division.  Highlights include:   The total number of Class B, C and D entities under supervision is 765 Total premiums are at $12.4 billion Total assets are at $55.1 ...

More ++

Thu-Oct-16-2014

Cayman Delegation Heads to ASHRM 2014

George Town, Grand Cayman, 16 October 2014 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 Man...

More ++

Thu-Sep-04-2014

FCA Pulls List - Commits to Thorough Review

FCA Pulls List; Commits to Thorough Review of Methodology Following representations from the Cayman Islands Government, the Financial Conduct Authority, which regulates the UK’s financial services industry, has confirmed that its list of ‘High Risk Countrie...

More ++

Wed-Sep-03-2014

Michio Kaku to Keynote 2014 Cayman Captive Forum

George Town, Grand Cayman, 4 September 2014 Dr. Michio Kaku, is one of the most widely recognized figures in science in the world today, is confirmed as the keynote speaker for the 2014 Cayman Captive Forum.                   Dr. Kaku is an authority in two...

More ++

Thu-Jul-03-2014

New, Improved Exempted Limited Partnership Law

New, Improved Law for Exempted Limited Partnerships A new law that makes comprehensive improvements to the establishment and operation of exempted limited partnerships in the Cayman Islands is now in effect.The Exempted Limited Partnerships Law, (2014) came...

More ++

Tue-Jun-17-2014

Colombia and Cayman to Sign Tax Exchange Agreement

 (corrected) MEDIA RELEASE George Town, Grand Cayman, 16 June 2014 CAYMAN ISLANDS AND COLOMBIA TO SIGN Tax Exchange Agreement The Cayman Islands and Colombia are to sign an automatic exchange of tax information agreement under the Multilateral Convention on...

More ++

Wed-May-28-2014

Cayman, Colombia to Exchange Tax Information under Convention

With the coming into force, in the Cayman Islands on 1 January 2014, of the Convention on Mutual Administrative Assistance in Tax Matters; and the anticipation of its coming into force in Colombia on 1 July 2014, Cayman and Colombia will have in place a sig...

More ++

Fri-May-16-2014

Cayman Captive Industry Attends RIMS 2014

Representatives from the Cayman Islands captive insurance industry made an impact at the Risk Management Society (RIMS) conference in Denver, Colarado. Members of the Insurance Managers Association of Cayman (IMAC) and members of the Cayman Islands Monetary...

More ++

Tue-May-13-2014

FATCA Guidance Notes Issued for Industry Feedback

The Cayman Islands FATCA Working Group has produced the first draft of the Guidance Notes on the International Tax Compliance Requirements of the Intergovernmental Agreements between the Cayman Islands and the United States of America and the United Kingdom...

More ++

Fri-May-02-2014

Cayman, Belgium Sign Tax Information Exchange Agreement

Minister of Financial Services Wayne Panton (seated, left) and the Ambassador of Belgium, Her Excellency Godelieve Van den Bergh (seated, right) sign a tax information exchange agreement (TIEA) on Thursday, 24 April, in the Government Administration Buildin...

More ++

Thu-May-01-2014

Moody's Affirms the Cayman Islands' Aa3 Sovereign Rating, Maintains Stable Outlook

Moody's Investors Service has affirmed the Aa3 government bond rating of the Cayman Islands. The rating outlook remains stable. Today's action - both the affirmation and the maintenance of the stable outlook - reflects the combination of the following credi...

More ++

Wed-Apr-23-2014

Former Head of Insurance Supervision Division at the Cayman Islands Monetary Authority Rejoins in Acting Capacity

Morag Nicol has returned to the Cayman Islands Monetary Authority (CIMA) to serve as acting Head of the Insurance Supervision Division. Her appointment is effective Thursday, 24 April 2014. Mrs. Nicol has been engaged for a period of three months in this ca...

More ++

Fri-Apr-11-2014

CAYMAN’S CAPTIVE INSURANCE INDUSTRY CONTINUES TO FLOURISH

The Cayman Islands captive insurance industry is an example of an ambitious, professional and philanthropic industry that has contributed $88.7million to Cayman’s 2013 gross domestic product (GDP) through the services it offers, the people it employs, the v...

More ++

Thu-Apr-10-2014

Cayman Captive Industry to Attend RIMS 2014

Representatives from the Cayman Islands captive insurance industry will attend the 50th Annual Risk and Insurance Management Society (RIMS) Conference & Exhibition in Denver, Colorado - April 27-30, 2014. Regulators from the Cayman Islands Monetary Auth...

More ++

Wed-Mar-26-2014

Cayman Islands Tax System Transparent and Open for Business

In a special edition of BBC’s HARDtalk, Stephen Sackur spoke to Cayman Islands Premier the Honorable Alden McLaughlin to reflect on Cayman’s past, present and future. A tax rate of zero has turned the Cayman Islands into one of the most scrutinised offshore...

More ++

Mon-Mar-17-2014

Captive Managers Handpick Cayman

The Cayman Islands Monetary Authority has licenced three new captive managers, filtering global captive business into one cohesive domicile. It is important for captive managers to choose an environment that has an established track record and the continued...

More ++

Fri-Mar-14-2014

Cayman Captive News - March 2014

The Cayman Captive News - March 2014 newsletter can be viewed from this link (click here).  You may sign up to receive IMAC news from the sidebar on this page. Please ensure that your email system whitelists icpbounce.com to ensure deliverability.  

More ++

Wed-Mar-12-2014

The Responsible Officer Role in the Cayman Islands

The Ministry of Finance, Commerce and Environment issued this press release today regarding the Responsible Officer Role: In order to keep industry informed of developments with Cayman’s framework for automatic exchange of information (AEOI), the FATCA Work...

More ++

Thu-Mar-06-2014

10th Annual Canadian Captive & Corporate Insurance Strategies Summit - May 28-29, 2014 Calgary Canada

Date: 28-29 May 2014. Location: Alberta, Canada. Website: www.captivesinsurance.com Expand your corporate insurance strategy through leading global case studies; manage your riskiest ventures and preserve capital with an integrated captive strategy. Expand ...

More ++

Fri-Feb-14-2014

Cayman Captive Industry Remains Buoyant

The Cayman Islands captive insurance sector remains buoyant in a testing environment as 2013 maintained a steady pace following on from the phenomenal 2012 year of growth. The Cayman Islands secured a combined total of 39 licencees issued during the year an...

More ++

Wed-Feb-05-2014

Cayman Takes Steps To Implement Tax Information Exchange Initiatives

A working group, comprising public- and private-sector representatives, is assisting with the development of the Cayman Islands' legal framework for the automatic exchange of information (AEOI) for tax purposes, in order to respond to international initiati...

More ++

Tue-Feb-04-2014

Combating Global Corruption: Shared Standards and Common Practice? Keynote Address: Alden McLaughlin

  Combating Global Corruption: Shared Standards and Common Practice?Keynote Address: Alden McLaughlinPremier, Cayman Islands4 February 2014 COMBATING GLOBAL CORRUPTION: KEYNOTE ADDRESS BY ALDEN MCLAUGHLINIt is both a privilege and a pleasure for me to be he...

More ++

Thu-Jan-16-2014

IMAC Quarterly Update

To: Members From: Rob Leadbetter – Chairperson Re: 12 month update at January 16, 2014. We have been working with the new Insurance Law for over a year now and all indications are that it is meeting the requirements of our clients and advisors.  The PIC leg...

More ++

Thu-Dec-19-2013

FSB Confirms the Cayman Islands as a Jurisdiction with Strong Adherence to International Regulatory and Supervisory Standards

(Grand Cayman - Thursday, 19 December 2013) The Financial Stability Board (FSB) has confirmed its designation of the Cayman Islands as a jurisdiction which demonstrates sufficiently strong adherence to international standards on cooperation and information ...

More ++

Thu-Dec-05-2013

Cayman Captive Forum Sells Out

The 21st annual Cayman Captive Forum, believed to be the world’s largest captive conference, has sold out with just shy of 1,400 participants taking part in a week of educational sessions, information sharing and networking.  As the conference officially op...

More ++

Wed-Dec-04-2013

PIC’s main topic at CCF

From Captive Review - http://www.captivereview.com/news/1737432/pics-main-topic-at-ccf.thtml One of the main topics of conversation on the first day of the Cayman Captive Forum yesterday, was the imminent arrival of portfolio insurance companies (PICs). The...

More ++

Wed-Dec-04-2013

No Secrets Here - Cayman Islands Premier McLaughlin

The Cayman Islands Premier, Hon Minister Alden McLaughlin speaks to Cayman27 about Cayman's transparent and robust financial services industry.  He is backed by "The Wolf of Wall Street" Jordan Belfort, who speaks to a standing room only crowd at the 2013 C...

More ++

Mon-Oct-28-2013

CAYMAN HEADS TO ANNUAL HEALTH CARE CONFERENCE IN TEXAS

George Town, Grand Cayman, 28 October 2013 The Cayman Islands financial services sector will be well represented at the American Society for Healthcare Risk Management (ASHRM) annual conference in Austin, Texas this weekend, where over 100 exhibitors are ex...

More ++

Thu-Oct-24-2013

CAYMAN REPRESENTED AT CANADIAN RISK MANAGEMENT CONFERENCE

George Town, Grand Cayman, 24 October 2013The Cayman Islands made an impact at the Risk Management Society (RIMS) conference in Victoria, British Columbia earlier this month. The Insurance Managers Association of Cayman (IMAC) was out in full force to put C...

More ++

Mon-Sep-23-2013

CAMERON’S ACKNOWLEDGMENT WELCOMED BY CAYMAN INSURANCE MANAGERS

George Town, Grand Cayman, 23 September 2013UK Prime Minister David Cameron’s recent comments in Parliament underscoring his belief that British overseas territories do not deserve the ‘tax haven’ label is music to the ears of the Insurance Managers Associa...

More ++

Wed-Sep-18-2013

"WOLF OF WALL STREET" COMES TO CAYMAN

George Town, Grand Cayman, 18 September, 2013 The infamous and reformed ‘Wolf of Wall Street’ Jordan Belfort will be the keynote speaker at the 2013 Cayman Captive Forum. Jordan Belfort’s story is a wild ride of his $1 million per week earnings, the extrava...

More ++

Wed-Jul-31-2013

IMAC SCHOLARSHIPS - GRADUATES AND RECIPIENTS

George Town, Grand Cayman, 31 July 2013 The Insurance Managers Association of Cayman’s (IMAC) Scholarship Fund has hit its latest milestone with two more graduates and two new recipients heading off to school in the fall. A total of four IMAC students will ...

More ++

Tue-Jul-30-2013

CAYMAN CAPTIVE INDUSTRY HITS ALL TIME HIGH

George Town, Grand Cayman, 30 July 2013The Cayman Islands captive insurance industry hit an all-time high of US$13.5 billion in total premiums and US$82.8 billion in total assets as at 30 June 2013. These figures are up 52 per cent and five per cent respect...

More ++

Mon-Jul-29-2013

IMAC REACHES MILESTONE

George Town, Grand Cayman, 29 July 2013 The Insurance Managers Association of Cayman (IMAC) has tipped the scale of 500 members. IMAC launched in 1993 with a mandate to promote the Cayman Islands captive insurance industry and to act as a liaison between th...

More ++

Fri-Apr-19-2013

CAYMAN CAPTIVE INDUSTRY LAUNCHES NEW BRAND AT RIMS 2013

GEORGE TOWN, Grand Cayman, 19 April, 2013 The Cayman Islands captive insurance industry has launched a new brand to promote its integrity and transparency in international markets with the tagline “Cayman Islands. Clearly Better Business”.Using images of Ca...

More ++

Wed-Apr-17-2013

OECD GIVES CAYMAN TOP GRADE

GEORGE TOWN, Grand Cayman, 17 April 2013 In the Organisation for Economic Co-operation and Development’s (OECD’s) latest Global Forum Peer Review report, Cayman has been lauded for its “robust and transparent” legal and regulatory regime. An initiative esta...

More ++

Wed-Apr-03-2013

CAYMAN TAKES HOME TOP PRIZE FROM CICA

George Town, Grand Cayman, 3 April 2013 The Cayman Islands made an impact at the 2013 Captive Insurance Companies Association (CICA) conference held in Palm Springs California in March, with a Cayman captive bagging the 2013 “Outstanding Captive Award” The ...

More ++

Tue-Apr-02-2013

CAYMAN MOVES FORWARD WITH FATCA COMPLIANCE

George Town, Grand Cayman, 2 April 2013 The Cayman Islands Government has announced it would adopt a Model 1 intergovernmental agreement (IGA) in response to US Foreign Account Tax Compliance Act (FATCA) and a similar arrangement would be forthcoming for fu...

More ++

Fri-Mar-22-2013

IMAC SCHOLARSHIP FOUNDATION RECEIVES $50,000 DONATION

George Town, Grand Cayman, 22 March 2013 The captive insurance industry has rallied around the local Cayman community once again.Churchill Casualty Ltd, a Cayman-domiciled captive insurance company, celebrated its 20th anniversary at the Ritz Carlton Grand ...

More ++

Mon-Jan-21-2013

BANNER YEAR FOR CAYMAN CAPTIVES

George Town, Grand Cayman, 21 January 2013 The captive insurance industry in the Cayman Islands is booming. The Cayman Islands Monetary Authority (CIMA) has reported that it received 67 applications for new licenses in 2012, with 52 licenses granted and the...

More ++

Tue-Dec-11-2012

CAYMAN INSURANCE INDUSTRY THRIVING - CIMA

George Town, Grand Cayman, 11 December 2012Speaking at the 2012 Insurance Managers Association Cayman (IMAC) annual general meeting, Head of Insurance Supervision at the Cayman Islands Monetary Authority (CIMA), Gordon Rowell underscored the reasons why the...

More ++

Tue-Dec-04-2012

NEW REGULATIONS PASSED FOR CAYMAN INSURANCE LAW

George Town, Grand Cayman, 4 December, 2012Honourable Minister Mark Scotland has announced the passing of new regulations required to enact the Cayman Islands Insurance Law (2010), including the fee schedule for both the existing and new categories of insur...

More ++

Mon-Nov-05-2012

NEW INSURANCE LAW COMES INTO FORCE

George Town, Grand Cayman, 5 November, 2012 The Cayman Islands Insurance Law 2010 went into force 1 November 2012 after an order made in Cabinet earlier in the week. The latest amendments to the law were based on recommendations from a public/private sector...

More ++

Fri-Sep-14-2012

CAYMAN TOP OFFSHORE DOMICILE FOR CAPTIVES

GEORGE TOWN, Cayman Islands, 14 September, 2012 The Cayman Islands has been granted top billing of “Offshore Domicile of the Year” at the 2012 Captive Live conference in Chicago. Hosted by Captive Review magazine, the conference hosts more than 400 captive ...

More ++

Fri-Jun-15-2012

IAIS HEADS TO CAYMAN TO DISCUSS SOLVENCY II AND FINANCIAL STABILITY

George Town, Grand Cayman, 15 June 2012 The impacts of Solvency II and other international regulation on captive insurance companies will be a topic of conversation in the Cayman Islands next week. Hosted by the Cayman Islands Monetary Authority (CIMA), sen...

More ++

Cayman Captive Forum

Know How

Key Issues

Latest News
Tue-Sep-19-2017
Innovation at ASHRM thanks to Cayman Captive Industry

George Town, Grand Cayman, 14 September 2017 In this new and ever-changing world of technology, the Cayman Islands’ captive insurance industry is currently focusing on leveraging and easing communications with its stakeholders through digital media. This is...

Read More ++

Sign up for our newsletter

Email