caymanhedgefunds.com

caymanhedgefunds.com

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.

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.        

 

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.

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.    

 

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.

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.   

 

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.

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?

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.

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.   

 

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.

CRICO: A case study in captive development and adaptation

The formation of CRICO was prompted by the withdrawal of commercial insurance carriers from the Massachusetts insurance market due to deteriorating underwriting results. 

 

The impact of the new financial reform legislation

President Obama has signed into law the Private Fund Investment Advisers Registration Act of 2010 as part of the broader Dodd-Frank Wall Street Reform and Consumer Protection Act, which enacts sweeping changes to the US financial regulatory system intended to address both the causes of the recent financial crisis and other perceived gaps in US financial regulation.

Cayman Islands: Well positioned

The world as we have created it is a process of our thinking, it cannot be changed without changing our thinking.

 

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...

Shining a bright light on captive insurance

The captive insurance industry was criticized by the New York Department of Financial Services (NYDFS) earlier last year when Superintendent Benjamin Lawsky issued a report calling for an immediate national moratorium on the use of captive insurance companies... 

 

 

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.
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