This is the place for viewpoints from the practitioners of the Cayman insurance industry. Some are light-hearted and some are serious, but all are thought-provoking. Sign up for our newsletter so that you never miss a post.


Cayman: A powerful domicile with a consistent credit rating

“The economy is the start and end of everything.”  - David Cameron  Truer words have not been spoken, as Cayman’s economic strength and political stability consistently receives top marks by the international credit rating agency, Moody’s.  With a fantastic Aa31 rating for bonds issued by the Cayman Islands Government in a foreign currency, and Aa22 rating for long-term foreign currency ceiling bonds and notes, Cayman has once again proved itself as one of the world's leading and top performi...

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Why Cayman?

It has been said that the greatest leader is one who “knows the way, goes the way, and shows the way” – and Cayman is no exception in captive insurance. With over 40 years’ experience under its belt in captive formation, operation, and regulation, this jurisdiction has proven that it is more than capable of being the world’s leading captive insurance domicile. It is no surprise then, why leading financial institutions, Fortune 500 companies, and private and public businesses from across the g...

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Groups are “Captive-ating” - 6 Reasons You Could Benefit from a Group Captive

“No man is an island,” said John Donne.  Humans are conditioned to gather together because togetherness feels good on all levels.  Even prehistoric people banded together for comfort, camaraderie and safety.  It was always a lot better to have a bunch of friends around when it came time to defend against a rival tribe or a rogue wildebeest. Humans have not changed.  And because corporations comprise humans, they also have personalities and can experience benefits from getting together into gr...

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Nick Leighton Retires

The end of this May (2016) witnessed the retirement of Nicholas John Leighton, one of the leading personalities of the Cayman captive management industry and Managing Director of Atlas Insurance Management since 2006. He began his insurance management career in Guernsey with Willis prior to his first spell in the Cayman Islands in the early 1990's before returning to Guernsey with Aon becoming Director of “White Rock” the world's first rent-a-captive to convert to a cell captive structure. Re...

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Why Cayman Loves Canada

By:  Kay Carter, Senior Associate, Solomon Harris and JS DeJager, Senior Vice President CSI International Canada – the behemoth country to the north, frozen for half the year – and the Cayman Islands – the tiny speck of an island sizzling in the Caribbean sunshine – might seem unlikely bedfellows, but the synergies of a great relationship are all present. In 2012 when the governments of Canada and the Cayman Islands signed a tax information exchange agreement (TIEA) that formalised the proces...

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Art Schooling

Conor Jennings,  managing director of Captiva Managers The 2008 financial crisis was a harsh reminder to many investors of the instability of global financial markets and the risks associated with owning stocks and shares. High net worth individuals (HNWIs) appreciated – perhaps for the first time – the true value of owning valuable collectables with no correlation to the financial markets. This has encouraged a surge of interest in the acquisition and collection of fine art, classic cars, wi...

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Two Ways to Treat the Reinsurer

By Larry Walters, Aon The mark of a mature and successful captive is the “stand alone” nature of its operation, both regarding the exposure that it underwrites, and its ability to spread risk through reinsurance. This article illustrates two distinctly different ways that a captive might address these objectives. Reinsurance Relationships Two captive insurance companies were domiciled in the Cayman Islands – Integrity Insurance Company and Haphazard Insurance Company*. These captives were sim...

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How Captives Should be Managed

By: James Rawcliffe FCA, Vice-President – Sagicor Insurance Managers Ltd. You are at the beginning of the captive formation journey and a key decision upcoming is your choice of insurance manager. The Manager represents a key relationship with you on the captive team of service providers, who you will rely on in several ways, the key two being the interface between you and the Cayman regulator, and to assist you to ensure the overall governance of your captive remains on course, akin to the r...

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Cayman Islands: Well-Positioned

By Rob Leadbetter, USA Risk “The world as we have created it is a process of our thinking, it cannot be changed without changing our thinking”.  Albert Einstein Albert Einstein may have been suggesting that with the determination with which people, and particularly groups of people, hold on to their precious thoughts and opinions, it often takes someone or event of great significance to shake an ingrained philosophy.  This has been and remains the challenge of the Cayman Islands financial ser...

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Wolf of Wall Street Comes to Cayman

The infamous and reformed ‘Wolf of Wall Street’ Jordan Belfort will be the keynote speaker at the 2013 Cayman Captive Forum. Some may consider Belfort an interesting choice - he is the epitome of a 'bad character' and has done all of the things that in the Cayman Islands we stand most strongly against.  But, Jordon's story is a bit different and ultimately, it has a happy ending and a message. Jordan Belfort’s story is a wild ride of his $1 million per week earnings, the extravagant lifestyle...

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Cayman Islands. Clearly Better Business

Clearly Better for Business, Cayman Island is Open for Reinsurance   The initiative to develop reinsurance business in the Cayman Islands recently took a big step forward November 1, 2012 when the Cayman Islands New Insurance Law came into effect along with its supporting Regulations on December 20th 2012 thus paving the way for separate categories for Insurance Linked Securities as class C licensees and Commercial Reinsurers as class D licensees. These two classes of now have separate sectio...

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Quarterly Update from the Chair

by Rob Leadbetter, USA Risk Where does the time go, it has already been six months since I have taken over the chairpersonship of IMAC and it seems like only last week Clayton was talking me into the position!  I must say it has been a whirlwind introduction to the inner workings of the entire IMAC Executive, sitting on just one committee over the years didn’t quite give me the appreciation for all that goes on! That being said I believe it has also been a very productive six months and the i...

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An Old Rerun - "The Redomiciliation Trend"

By Denise Gower, Fountainhead Some people never tire of watching the same old TV re-runs. Personally, I love Harry Potter movies and I confess to having watched each of them scores of times. There is just something mind-numbingly comforting about the familiarity of these wonderful fairy tales of witches and wizards and the search for truth, that I just can’t resist them when I am tired and need a mental break. I think the same must be true for those who keep trying to re-run the story about t...

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Bermuda - Centre for Global ILS Business? Perhaps Not

by James Rawcliffe, Sagicor I read with interest an article dated October 12, 2012 in Hedgeweek in which the Bermuda Insurance Regulator was discussing Bermuda’s increasing rise as a centre of the global special purpose insurer and insurance linked security business. This was considered here in Cayman not worthy of a formal response, as it would give credence to Bermuda’s claim. Instead the vehicle of the Cayman monthly blog is an appropriate means of poking back at such nonsense. In the borr...

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Solvency II - Twist or Stick?

By James Rawcliffe, Sagicor It is interesting to observe the positions taken by the two leading offshore captive domiciles – the “old world” Bermuda and its keen rival “new world” Cayman Islands when considering the merits or otherwise of Solvency II. There is Bermuda keen to embrace Solvency II equivalency with the veiled hint that Cayman is somewhat recalcitrant in taking its time to consider Solvency II’s relevancy to the captive insurance model. It is understandable that Solvency II featu...

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Whirlwind of a year for Cayman Captive Insurance

The Insurance Managers Association of Cayman have reported another successful year for Cayman’s captive insurance industry. “This year has definitely been a whirlwind,” commented the association’s Chair, Erin Brosnihan. “We work hard to promote the Cayman I...


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