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A risk manager’s guide to forming a captive

Risk managers are responsible for managing every risk an organisation faces by ensuring the company’s risks are identified and controlled in line with the company’s strategic direction.   

 

Bermuda – finding the right balance of regulation

The Bermuda Monetary Authority has to find the right balance to allow business to thrive while maintaining international credibility at the cutting edge in growth markets such as insurance linked securities.    

 

Growth with purpose

One of the most disguised dangers to any company or organisation is growth for growth’s sake. Corporate graveyards are littered with companies that grew fast, doing all things for all customers and never really finding their focus or a unique way of delivering that focus to an identified and willing market.   

 

Choosing your captive’s actuary: How reliable is your radar?

How many captive owners realise that their actuary, more than many service providers, can spell the difference between survival and ruin in the financial life of the captive?

The overlooked sweet spot for captive investing

Although immunisation and asset matching strategies are essential for captive insurance portfolios so as to minimise business risk, central bankers have forced bond yields to such artificially and historically low levels that returns on fixed income portfolios have been disappointingly low.

 

Canada TIEA establishes a new era for Cayman captives

On 1 June, 2011 Canada and the Cayman Islands entered into a Tax Information Exchange Agreement, which, it is anticipated, will help forge far deeper links between the two countries as far as the financial services industry is concerned, and in particular, the captive insurance industry.        

 

Industry Insider… Tom Jones and LJ Fallon

Read our article in the Cayman Financial Review Magazine, eversion  About :Tom   About:LJ   This is a new CFR feature – we’ll be looking for industry...

Insuring employed physicians: Captive opportunity or not

The more things change, the more they stay the same. This phrase has been used to describe a number of situations over the years. The current environment in the US healthcare industry regarding the relationship between healthcare systems, hospitals and their physicians is certainly one of them.

Dodd-Frank Act – impact on captive domicile decisions

Captive insurance is a prominent sector within the Cayman Islands financial services environment with its well developed infrastructure to promote, develop and maintain this business. Given our geographical proximity, a very substantial portion of this business originates from the US.

A differentiated view of reinsurance risk and reward

As the only open market reinsurance company domiciled in the Cayman Islands, Greenlight Re’s view of the risk and rewards of the reinsurance industry is as unique as our headquarter’s location.

Captive insurance industry – a major contributor to Cayman’s economy

On 2 September, 2011 the Insurance Managers Association of Cayman (IMAC) held its Annual General Meeting at The Ritz-Carlton, Grand Cayman.

The captive industry’s contribution to Cayman

A captive insurance company is one which has been set up primarily to insure the risks of its parent company. In other words, it’s like having your very own insurance company, so that when you pay the insurance premiums, you’re paying yourself rather than somebody else.

Cayman insurance roundtable

Cayman Financial Review invited Cindy Scotland, managing director of the Cayman Islands Monetary Authority, Len Goldberg, managing director of Cayman-based reinsurer Greenlight Re and the chairman of the Insurance Managers Association of Cayman Ron Sulisz to debate the latest regulatory developments and their impact on ...

Captive investing: Exploring the new normal

In the aftermath of the financial crisis that impacted global markets over the past two years, a number of captive insurance companies experienced losses in their investment portfolios and are now contemplating strategies around...

Addressing collateral obligations in a challenging economic environment

In today’s challenging economic climate, corporate executives are examining the value of every dollar spent, including those spent on risk and insurance. As a result, risk management departments that effectively control the cost of risk are viewed as invaluable and key strategic partners within their organisations.

Catastrophe bonds – bridging the liquidity gap

Catastrophe bonds are no longer ‘the next big thing’. They have arrived, made their presence known and are here to stay. And we can be extremely proud in the Cayman Islands that the jurisdiction has astutely positioned itself as the premier offshore domicile for these ever-evolving transactions.

Regulating the captive market: Responsiveness

Regulation should have clear well-founded objectives and the methods used must be finely-tuned to the specific features of the market place. Responsiveness to external factors that are of concern to potential and existing clients is important because the environment does naturally change.

Benefits for captive owners

The use of captive insurance companies in risk management has steadily increased over the past decade. However, despite the steady growth of captive insurance companies and the benefits they offer, the captive industry still remains mysterious and not easily understood by those not involved in it.

FIN 48 implementation war stories

Having audited captive insurance companies for many years now, most of which fall into the category of being small-or-medium enterprises, I have been witness to the pains that most of these companies have experienced in keeping up with and adopting the numerous changes in accounting standards over the past few years.

Cat Bond, ILS and reinsurance trusts…the key facts to remember

Cayman has long been known as one of the premier captive domiciles in the world. With over 750 captives registered, it is certainly one of the largest. The expertise offered captive owners is unparalleled.