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).
Walkers has seen significant interest in the portfolio insurance company product, which is not surprising given that the PIC initiative was insurance sector-led. The enabling legislation was specifically designed to allow Cayman Islands insurers established as segregated portfolio companies (SPC) to incorporate one or more of their segregated portfolios, also referred to as cells, as separate legal entities—PICs.
To read the full article, which appeared in issue 91 of CIT, please use the link below:
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...