Latin America is an “important market” for Cayman captives, according to JS de Jager, board member of the Insurance Managers Association of Cayman (IMAC).
Representatives of the Cayman captive insurance industry are set to attend the RIMS Risk Forum Latin America 2016, held in Bogota, Columbia, between 3 and 4 October to promote Cayman as a captive domicile.
De Jager said: “With various tax information exchange agreement with Latin American countries (Argentina, Brazil, Chile, Colombia, Mexico, to name a few), the strength of our legislative and regulatory infrastructure and the extensive experience and expertise of our local service providers, Cayman is able to offer Latin American companies a product that is well-tested and efficient.”
“We have a number of Latin American captives domiciled here in Cayman already and we are optimistic about the opportunities to spread the word to motivate more Latin American businesses to follow their example.”
