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There are more than 5,000 captive insurance companies globally, each of them covering different kinds of risks and providing different kinds of benefits to the owning companies. Learn more about the captive insurance industry in general, and Cayman's industry more specifically by exploring the materials offered here.
I really do see the captive industry as very strong and built on a very solid foundation of rigorous risk management resulting in low loss ratios and efficient expenses. Certainly in the last four years, captives have been very efficient at maximising value and, I might add, so have the insurance managers. I would like to believe that good fundamentals will lead to an increase in the usage of captives. Gorden Rowell, Head of Insurance Supervision, Cayman Islands Monetary Authority
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...