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The decision of the Grand Court of the Cayman Islands to uphold the segregation of captive insurance portfolios in the context of an official liquidation is a “welcome reiteration of the segregation principle”, according to law firm Campbells
Mature group captives face a myriad of potential challenges ranging from member exits, adjustments to captive retentions, complex claims and more, according to a session at the 2021 Cayman Captive Forum
Global Captive Management has named both Mark Aylward and Andrew MacKay as assistant vice president
Succeeding David Roberts is JS de Jager, who has taken over as managing director
A.M. Best has affirmed the financial strength rating of A and the long-term issuer credit rating of “a” of Palms Insurance Company, George Town, Cayman Islands
The Cayman Islands Monetary Authority has revealed it welcomed 36 new insurance formations in 2020, marking the largest annual increase since 2017
The Cayman Islands Monetary Authority has revoked CTS Captive Management insurance managers licence for regulatory breaches and insolvency, effective 30 December 2020
A group of reinsurance companies located in the Cayman Islands have formed a new industry group, the Cayman International Reinsurance Companies Association
