Large Canadian companies have already found the benefits of captive insurance companies and have elected to participate more actively in their own risk management programmes by retaining risk rather than purchasing coverage.
CIMA Confirms New Fast-Track Approval for Cat Bonds
(Grand Cayman – Monday, 20 February 2017)
The Cayman Islands Monetary Authority (CIMA) has recently taken further steps to streamline applications for Catastrophe Bond Vehicles (Cat bonds) of Class ‘C’ insurers. This new regime will also make the registrati...