2024
Thu-Dec-19-2024-IMAC Mourns the Passing of Former CIMA Head of Insurance, Gordon Rowell
George Town, Grand Cayman, December 19, 2024 – The Insurance Managers Association of Cayman (IMAC) is deeply saddened to learn of the passing of Gordon Rowell, former Head of Insurance at the Cayman Islands Monetary Authority (CIMA), and a highly respected figure in the Cayman Islands insurance industry.
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Tue-Dec-17-2024-IMAC Elects 2025 Executive Committee
George Town, Grand Cayman, December 17, 2024 – The Insurance Managers Association of Cayman (IMAC) announced its newly elected 2025 Executive Committee during their Annual General Meeting (AGM) held recently. The committee, a cornerstone of IMAC’s leadership, includes both new and returning members who will guide the organization’s efforts for the year ahead.
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Fri-Nov-29-2024-Record-Breaking Attendance Expected at the 2024 Cayman Captive Forum for Three Days of Networking and Insights
George Town, Grand Cayman, November 29, 2024 – The Insurance Managers Association of Cayman (IMAC) is thrilled to announce that the Cayman Captive Forum 2024, the world’s largest captive forum taking place from December 3-5 at The Ritz-Carlton in Grand Cayman, is officially sold out.
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Mon-Nov-04-2024-IMAC Golf Day Raises US$17,000 for Educational Scholarship Fund
George Town, Grand Cayman, November 04, 2024 – The Insurance Managers Association of Cayman (IMAC) announces that its 2024 Golf Scramble, held on October 25, raised US$17,000 for the Educational Scholarship Fund.
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Thu-Oct-31-2024-2024 Cayman Captive Forum: Insights from Chair Alanna Trundle
In a recent Q&A interview with Captive.com, Alanna Trundle, Chair of IMAC’s Forum Committee and President of Global Captive Management, provided insights into IMAC’s Cayman Captive Forum.
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Fri-Oct-11-2024-3Q 2024 Stats – Cayman 2024 Growth Continues
George Town, Grand Cayman, October 11, 2024 – The Cayman Islands Monetary Authority (CIMA) has released its licensing statistics for Q3 2024, revealing strong growth in the sector. Between July and September, CIMA issued five new international insurer licenses, including three B(i)s and two B(iii)s, marking continued momentum in the Cayman Islands' insurance landscape.
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Tue-Oct-08-2024-IMAC Awards $240,000 in 2024 Scholarships
Grand Cayman, October 08, 2024 – The Insurance Managers Association of Cayman (IMAC) has announced that through its Educational Scholarship Fund (ESF), $240,000 in scholarships have been awarded to nine (9) Caymanians for 2024.
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Fri-Oct-04-2024-Agenda released for the world’s largest captive forum – Cayman Captive Forum 2024
George Town, Grand Cayman, October 02, 2024 – The Insurance Managers Association of Cayman (IMAC) has announced the agenda for the Cayman Captive Forum 2024. Registration remains open, offering attendees access to world-class expertise and exceptional networking opportunities at the largest captive insurance event in the world.
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Fri-Sep-20-2024-The Evolution of Insurance-Linked Securities (ILS) in the Cayman Islands
In a recent article written by Philippa Gilkes of Conyers, on behalf of IMAC, the dynamic growth of Insurance-Linked Securities (ILS) within the Cayman Islands is explored. As a leading domicile for ILS transactions, the Cayman Islands has emerged as a hub for innovation in the global insurance market.
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Wed-Sep-18-2024-IMAC’s Annual Gala raises over US$42,000 for Educational Scholarship Fund
George Town, Grand Cayman, September 16, 2024 - Members of the Cayman Islands insurance industry gathered at the Kimpton Seafire Hotel for the 12th Annual Gala & Scholarship Fundraiser on Saturday September 14th, hosted by the Insurance Managers Association of Cayman (IMAC). Comedian Eddie Brill, best known as the warm-up act for David Letterman, entertained guests as the after-dinner speaker for the evening.
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Fri-Aug-23-2024-Cayman Update: Continued Growth and an Assured Future
George Town, Grand Cayman, August 23, 2024 - Statistics for 2023 released by the Cayman Islands Monetary Authority (CIMA) showed the jurisdiction issued 41 new international insurance licences that year, the largest number of licences issued in a single year in more than a decade.
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Fri-Aug-09-2024-Influential Women in Captive Insurance in the Cayman Islands
George Town, Grand Cayman, August 9, 2024 – We are delighted to showcase several women based in Cayman who were recently highlighted in Captive International’s Influential Women in Captive Insurance issue.
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Tue-Jul-30-2024-International Insurance Licenses in the Cayman Islands up 50% over same period in 2023 according to new 2Q stats.
George Town, Grand Cayman, July 29, 2024 – The Cayman Islands Monetary Authority (CIMA) has just released licensing statistics for 2Q 2024 which showed that between April and June 2024, CIMA issued twelve new international insurer licenses -- three B(i)s, one B(ii), six B(iii)s plus a class C and a class D reinsurer. In addition, two new insurance managers were also licensed.
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Tue-Jul-23-2024-2024 Cayman Captive Forum Keynote Speakers are announced
George Town, Grand Cayman, July 23, 2024 – The Insurance Managers Association of Cayman (IMAC) has announced two keynote speakers for this year’s Cayman Captive Forum, set for December 3-5 at the Ritz-Carlton, Grand Cayman.
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Fri-Apr-19-2024-Cayman Starts 2024 With Strong Growth
George Town, Grand Cayman, April 18, 2024 – The Cayman Islands Monetary Authority (CIMA) has just released licensing statistics for 1Q 2024 which showed that between January and March 2024, CIMA issued twelve new international insurer licenses -- four B(i)s and eight B(iii)s.
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Tue-Jan-23-2024-Cayman Islands Sets 10-year Record for Most New International Insurance Licenses in a Single Year
George Town, Grand Cayman, January 23, 2024 – The final 2024 quarterly insurance sector licensing statistics released by the Cayman Islands Monetary Authority (CIMA) show that last year the jurisdiction issued 40 new international insurance licenses – the largest number of licenses issued in a single year in more than a decade.
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Thu-Jan-04-2024-Barents Re Reinsurance Company, Inc., Continues Support of the IMAC Educational Scholarship Fund
George Town, Grand Cayman, January 03, 2024 - Barents Re Reinsurance Company, Inc. (Barents Re) has reaffirmed its commitment to the Insurance Managers Association of Cayman (IMAC) Educational Scholarship Fund, a program that has successfully raised over $5 million since its establishment, enabling 65 young Caymanians to pursue higher education. The scholarship program depends on contributions from the Association's members and industry partners who share the vision of empowering the next generation in the Cayman Islands.
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2023
Wed-Dec-20-2023-IMAC elects 2024 Executive Committee
George Town, Grand Cayman, December 19, 2023 – The Insurance Managers Association of Cayman (IMAC) held their Annual General Meeting (AGM) in early December, announcing new board positions for 2024. The Executive Committee will be Chaired by Kieran Mehigan, with James Trundle serving as Vice Chair. Mike Scott will serve as Treasurer and Erin Brosnihan will serve as Secretary.
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Thu-Nov-09-2023-Cayman Islands Captive Insurance Industry Thrives
The latest insurance sector licensing statistics released by the Cayman Islands Monetary Authority (CIMA) have shown continued international interest in the captive insurance industry, which has maintained its extremely strong position.
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Fri-Nov-03-2023-IMAC Golf Day raises US $18,500 for Educational Scholarship Fund!
George Town, Grand Cayman, 3 November 2023 – The Insurance Managers Association of Cayman (IMAC) is pleased to announce that their 2023 golf scramble held on Friday, 27 October raised over eighteen and a half thousand dollars to benefit their Educational Scholarship Fund.
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Tue-Oct-17-2023-The Cayman Islands: A Leading International Financial Centre
Kevin Poole, the General Manager of the Insurance Managers Association of Cayman, talks about what
makes the Cayman Islands such an attractive location for domiciling a captive insurance company
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Mon-Oct-02-2023-Cayman Captive Forum 2023 to focus on key policy and regulatory updates, developments in innovative technologies, and important market factors for captives
George Town, Grand Cayman, October 02, 2023 – The Insurance Managers Association of Cayman (IMAC) is announcing the full agenda for the Cayman Captive Forum 2023 and registration remains open to take advantage of the world-class expertise and unparalleled networking opportunities at the world’s largest captive insurance event.
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Thu-Sep-21-2023-IMAC’s “Saturday Night Fever” Gala Generates Funds to Support Education
George Town, Grand Cayman, September 21, 2023 – Members of the Cayman Islands Insurance industry came together at the Kimpton Seafire Hotel on Saturday 16th September to support the 11th Annual Gala & Scholarship Fundraiser held by the Insurance Managers Association of Cayman (IMAC). This year the event was disco themed which meant many attendees got into the spirit by dressing up for the evening in full disco gear to dance the night away.
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Tue-Sep-19-2023-InsurTech, Innovation, Crypto & Regulation – IMAC Educational Event
George Town, Grand Cayman, September 19, 2023 InsurTech and Innovation were among the key issues covered at IMAC’s latest in-person educational session for members, held at the Camana Bay cinema.
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Tue-Aug-29-2023-Q2 Stats Show Interest in Cayman Insurance Industry Remains Very Strong
George Town, Grand Cayman, August 29, 2023 The Cayman Islands Monetary Authority (CIMA) recently released licensing statistics for 2Q 2023 which demonstrate the continued strength of the jurisdiction’s insurance industry. Between April and June 2023, CIMA issued licenses to eight new captive insurance companies -- four B(i)s and four B(iii)s -- and three new portfolio insurance companies. In addition, CIMA issued one license for a Class D commercial reinsurer.
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Mon-Jul-17-2023-Five Young Leaders from IMAC Member Companies Included on Captive International’s Inaugural “FORTY under 40” List of Rising Stars of Global Captive Insurance
George Town, Grand Cayman, July 17, 2023 – Demonstrating the world-class professional talent and strong outlook of the Cayman Islands’ captive insurance industry, five professionals from IMAC member companies were named to Captive International’s inaugural list of “FORTY under 40” industry leaders.
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Fri-Jul-14-2023-Registration Now Open for IMAC’s “Saturday Night Fever” 2023 Annual Gala & Scholarship Fundraiser
George Town, Grand Cayman, July 14, 2023 – We are excited to launch registration for our upcoming "Saturday Night Fever" 2023 Annual Gala & Scholarship Fundraiser.
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Mon-Jun-26-2023-IMAC announces 2023 Scholarship Recipient
George Town, Grand Cayman, June 26, 2023 – We are delighted to announce that IMAC is presenting its annual Scholarship to Jessica McBean.
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Fri-Jun-23-2023-William “Willie” Forsythe to Retire as General Manager of IMAC after 15 Years of Service to the Cayman Islands Captive Insurance Industry
George Town, Grand Cayman, June 23, 2023 – On June 30, 2023, William “Willie” Forsythe (Willie) will retire as General Manager of the Insurance Managers Association of Cayman (IMAC) after nearly 15 years of dedicated service to the jurisdiction’s captive insurance industry.
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Tue-Jun-20-2023-IMAC New Insurance Head
George Town, Grand Cayman, June 20, 2023 The Insurance Managers Association of the Cayman Islands (IMAC) would like to congratulate Ms. Kara Ebanks who has been named the new Head of the Insurance Supervision Division of the Cayman Islands Monetary Authority (“CIMA”).
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Tue-Jun-06-2023-Cayman Statistics 1Q 2023
George Town, Grand Cayman, June 6, 2023 The Cayman Islands Monetary Authority has licensed 8 new captive insurance companies and one new portfolio insurance company in the first quarter of 2023.
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Tue-Jun-06-2023-Cayman Captive Forum – Keynote Speakers
George Town, Grand Cayman, June 6, 2023 The Cayman Captive Forum (CCF) is pleased to announce two keynote speakers for this year’s event being held at the Ritz-Carlton, Grand Cayman from November 28th to 30th.
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Fri-May-26-2023-IMAC BDO Sponsored Quiz
George Town, Grand Cayman, May 26, 2023 Following the InsurTech & Innovation educational session a BDO sponsored quiz was held at Mizu in Camana Bay.
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Fri-May-26-2023-InsurTech & Innovation – Educational Session
George Town, Grand Cayman, May 26, 2023 On Wednesday 24th June IMAC hosted an in person educational session for members held at the Camana Bay cinema on the subject of InsurTech and Innovation. The event included presentations from Isabel Gumeyi, Director, PWC; Isaac Espinoza, SVP of Strategy & Reinsurance at Root, Inc. and Aaron Unterman, Managing Director, XReg Consulting. The session was moderated by Suzanne Sadlier, Co-Chair of The IMAC Social and Educational Events Committee.
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Thu-Mar-30-2023-New 2022 Statistics show Cayman Islands’ Insurance/Reinsurance industry has one of the best years for new licenses in the past decade
George Town, Grand Cayman, March 30, 2023 - Demonstrating the continued resiliency of the Cayman Islands insurance/reinsurance industry following a historic pandemic and notable global economic headwinds, new data released by the Cayman Islands Monetary Authority (CIMA) shows exceptionally strong growth in new licenses issued in 2022.
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2021
Mon-Sep-20-2021-Promising numbers continue for Cayman’s Insurance Industry according to CIMA’s latest statistics
George Town, Grand Cayman, September 20, 2021 – The Cayman Islands Monetary Authorities (CIMA) recently published statistics showing 2021 is on track for another successful year for Cayman’s insurance industry. (Click here for the full PDF press release)
Wed-Sep-01-2021-IMAC announces 2021 Scholarship Recipients
George Town, Grand Cayman, September 1, 2021 – IMAC is proud to present our annual Scholarship to 2021's recipients.
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Fri-Feb-19-2021-Black tie event raises funds in the name of education
George Town, Grand Cayman, February 18, 2021 – Members of the Cayman Islands Insurance industry came together at the Kimpton Seafire Hotel on Saturday 13th February to support the 9th Annual Black Tie Gala & Scholarship Fundraiser held by the Insurance Managers Association of Cayman (IMAC). The annual event raises funds for the student scholarship fund which over the years has raised in excess of US$4.7 million and has enabled 58 young Caymanians pursue further studies around the globe in disciplines as diverse as Business Management, Arts and the Sciences.
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Fri-Feb-19-2021-2020 figures highlight resilience of Cayman International Insurance
George Town, Grand Cayman, February 18, 2021 – Cayman’s international insurance industry was not immune to COVID-19’s impact on the global economy posted strong 2020 captive returns per the Cayman Islands Monetary Authority (CIMA)’s recently published 2020 captive statistics. (Click here for the full PDF press release)
2020
Fri-Oct-09-2020-Cayman International Insurance is proud to be a silver sponsor at ASHRM 2020
George Town, Grand Cayman, October 9, 2020 Cayman International Insurance is proud to be a silver sponsor and congratulates ASHRM 2020 on their 40th Anniversary Conference.
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Tue-Oct-06-2020-Cayman Islands removed from EU’s blacklist
George Town, Grand Cayman, October 6, 2020 – The Cayman Islands has been removed from the European Union’s (EU) blacklist after continued efforts by the Cayman Islands Government and wider financial services industry to resolve all outstanding issues and the Cayman Islands are now deemed a cooperative jurisdiction. (click here for full press release)
Mon-Sep-14-2020-IMAC announces 2020 Scholarship Recipients
George Town, Grand Cayman, September 14, 2020 – Despite the COVID-19 global pandemic, IMAC is proud to present our annual Scholarship to 2020's recipients.
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Fri-Jun-05-2020-Cayman Captive Forum deferred for 2020
George Town, Grand Cayman, June 04, 2020 –Cayman International Insurance will not hold the 2020 Cayman Captive Forum Due to the uncertainty caused by the current COVID-19 global pandemic. (click here for full press release)
Thu-May-14-2020-Q1:2020 figures highlight strength for Cayman International Insurance
George Town, Grand Cayman, May 12, 2020 – Cayman’s international insurance industry continued to consolidate its growth, following first quarter figures recently published by the Cayman Islands Monetary Authority (CIMA). (click here for the full pdf press release)
Thu-Mar-05-2020-Cayman International Insurance supports ReFocus Conference
George Town, Grand
Cayman, March 3rd, 2020 – Members of Cayman’s international insurance industry are
currently attending the annual ReFocus Conference in Las Vegas, Nevada.
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Thu-Jan-30-2020-2019 sees continued growth for Cayman International Insurance
Cayman’s international insurance industry continued to thrive in 2019; with final quarter figures recently published by the Cayman Islands Monetary Authority (CIMA).
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