28-Oct-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 expected.

ASHRM 2013 is structured specifically for healthcare risk management, patient safety, legal, insurance and other healthcare-related professionals.
The Insurance Managers Association of Cayman (IMAC) will be located at booth #300, industry experts including captive insurance managers, auditors, attorneys, bankers, investment managers and representatives from the Cayman Islands Monetary Authority will be in attendance.
IMAC will be hosting a panel presentation called ‘Captive Insurance and Healthcare - A Happy Marriage.’ Experts in healthcare will focus on feasibility studies, best practices and domicile selection specific to the healthcare industry.

There will be more than seventy educational sessions at the convention center to help prepare for managing risk in healthcare environment. Programs in six specialised tracks – claims and litigation, enterprise risk management, legal and regulatory, patient safety, risk financing and leadership development– ensure a well-rounded, first-rate learning experience.
IMAC Chairman, Rob Leadbetter is one of a team of insurance managers representing the domicile at the conference.

“Cayman has long been recognised as the leading jurisdiction for healthcare captives, going all the way back to the very beginning of our captive history with Harvard Medical School choosing Cayman as its domicile in 1976. . The industry in Cayman is well-versed in healthcare captives, including the regulator and we provide these companies with a high level of confidence that we understand their business – from the managers, to the service providers to the regulator,” Mr. Leadbetter said.

Mr. Leadbetter added that the aim of the session is to help identify why captives have value, especially from a US tax and regulatory perspective, to explain the importance of strategic planning and proper feasibility studies and also to go over operational procedures and programme structures, including implementation and operations in the Cayman Islands.

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