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.
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.
Foreign captive insurance companies ("Captives") have gained popularity as a legitimate vehicle to address insurance challenges confronting US based companies.
As noted in our client update of 3 April 2013, the Insurance Law, 2010 (the "Law") was amended to allow for a segregated portfolio company ("SPC") to register subsidiary companies as portfolio insurance companies (each a "PIC") with the Cayman Islands Monetary Authority ("CIMA").
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.