Most Read Contributor in Cayman Islands, December 2016
The Maples group recently supported the Cayman Islands
domiciliation of Crosswinds Re, a new specialty reinsurance
business vehicle established by Crosswinds Holdings Inc., a
publicly traded private equity firm and asset manager targeting
strategic and opportunistic investments in the financial services
sector with a particular focus on the insurance industry.
Crosswinds Re recently received approval from the Cayman Islands
Monetary Authority as a Class B(iii) Reinsurer.
Crosswinds Re will act as a specialty reinsurer as part of a
larger integrated insurance, reinsurance and asset management
structure with an initial focus on the Florida property and
casualty insurance market. Maples and Calder will act as Cayman
Islands counsel, led by Partners, Abraham Thoppil and Tim Frawley.
The MaplesFS team which includes, Lesley Thompson, Victoria Harvey
and Tanya Campbell, will provide comprehensive insurance management
With the intention of reinforcing its position as a leading
insurance and alternative risk transfer domicile, the Cayman
Islands legislature introduced the Insurance Law, 2010 which
provides a risk-based regulatory framework for the insurance
industry. Crosswinds Re joins an ever growing list of insurance and
reinsurance companies that have chosen to domicile in the Cayman
"The reputation of the Cayman Islands as the jurisdiction
of choice for insurance and reinsurance companies, combined with an
established network of high quality service providers and robust
regulatory regime, made this an attractive domicile for Crosswinds
Re," said Colin King, Chief Executive Officer of
Crosswinds Re. "Following a careful and extensive review
process, we are delighted to be partnering with the Maples group
and look forward to building a thriving reinsurance business in the
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