The Monetary Authority (Administrative Fines) (Amendment) Regulations, 2020 (the "Amendment Regulations") came into force on 26 June 2020.
COVID-19 is likely to present unprecedented challenges for the insurance industry, across all Iines of business, both domestic and international.
Among other topics, the authors discuss transaction activity, alternative risk transfer, making an insurance contact, disputes and InsurTech.
In a recent interview with Captive International, partner Bradley Kruger, explored the benefits Cayman offers as a jurisdiction for blockchain use in the insurance industry
Bermuda has established itself as a leading (re)insurance centre, which has one of the world's largest captive and insurance-linked securities ("ILS") markets.
In 1976 a breaking point for the insurance industry was reached. After a time of political movement and economic upheaval, liability insurance pay-outs in the US had reached an unsustainable rate...
The Cayman Islands has recently experienced tremendous growth in the financial reinsurance ("FinRe") sector.
As an international financial centre, the Cayman Islands is constantly seeking to maintain its competitive edge with innovative transformations and additions that keep the financial services industry fresh and progressive.
All persons carrying on, or desiring to carry on, insurance business (including reinsurance business) in or from the Cayman Islands need to be licensed under the Cayman Islands Insurance Law.
Bedell Cristin Cayman Partnership
As part of the Cayman Islands' ongoing commitment to international tax transparency, the Tax Information Authority (International Tax Compliance) (Country-By-Country Reporting) Regulations ...
All companies carrying on insurance or reinsurance business in or from within the Cayman Islands must be licensed by the Cayman Islands Monetary Authority pursuant to the Insurance Law, 2010 (as amended) ...
Cayman is well known as an attractive international destination for financial industry conferences, particularly in the hedge fund sector, but you might be surprised that the biggest annual conference is for the captive insurance industry.
As Cayman's captive insurance and
nascent reinsurance, international
insurance and life and annuity industry
continues to evolve to meet the growing
challenge of competition from onshore
domiciles and continued soft market
The Cayman Islands is home to over 700 captive insurance companies. The word ‘captive' refers to the relationship between the insurance company and its owner.
A practical cross-border insight into insurance and reinsurance law
The Maples group recently supported the Cayman Islands domiciliation of Crosswinds Re, a new specialty reinsurance business vehicle established by Crosswinds Holdings Inc...
Walkers has seen significant interest in the portfolio insurance company product, which is not surprising given that the PIC initiative was insurance sector-led.
In this Q&A Abraham Thoppil and Luke Stockdale provide an overview of the law as it relates to insurance and reinsurance in the Cayman Islands.
Since the early 1970s, the Cayman Islands have been blazing the
trail for the development of the captive insurance and the
alternative risk transfer industries.
It will come as a relief to industry that the European Commission has confirmed there will be a one-year delay to the implementation date of the Packaged Retail and Insurance-based Investment Products regulations.