Be part of the unified voice that speaks for Cayman's captive insurance industry. IMAC acts as both regulatory liaison with the Cayman Islands Government and CIMA and promotes the jurisdiction as a better choice for domiciling a captive.
What is IMAC?
IMAC is the not-for-profit organisation run by the resident insurance managers of the Cayman Islands that works to provide a united front for the Cayman captive insurance industry, acting as regulatory liaison with the Cayman Islands Government and Cayman Islands Monetary Authority (CIMA), and also actively promotes the Cayman Islands as the domicile of choice for captive insurance companies.
IMAC’s membership is comprised of Cayman licensed Insurance Managers (Full Members with voting rights), local and overseas service providers (Associate Members) as well as captive insurance company owners and affiliates (Class B Members).
What do we do?
IMAC clearly and consistently delivers the message that Cayman is the go-to domicile for captive insurance companies. In 2013, we revamped our positioning with the launch of "Cayman Islands. Clearly Better Business" and began the effort to push this new message through our conference sponsorships, press releases, articles and interviews. Meet us online: LinkedIN, Twittter and for our fun side, Facebook.
IMAC works closely with Government. the Legislative Assembly and the Cayman Islands Monetary Authority representing members' interests, and providing substantial input to changes to insurance legislation and regulation.
In addtion to organising and hosting the world's largest captive conference, the Cayman Captive Forum, we take our educational responsibilities seriously and share best practices with local members by way of offering technical courses led by industry experts.
We like to have fun too, and arrange for quarterly networking events that allow members to gather and talk on a more casual basis.
Last, but not least, we consistently work to raise money for our Scholarship Fund, which to date has provided a university education to 24 students who would have otherwise not had such an opportunity.
Code of Conduct: IMAC was founded to promote the development of the industry and the three pillars of this development are - integrity, innovation and intellect. The code of conduct was developed to strengthen these objectives and provides guidance as to the standards expected of every full member.
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...