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.
The world as we have created it is a process of our thinking, it cannot be changed without changing our thinking.
The formation of CRICO was prompted by the withdrawal of commercial insurance carriers from the Massachusetts insurance market due to deteriorating underwriting results.
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.
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.
At the same time as David Cameron was extolling the virtues of “tax transparency” and putting in place intergovernmental agreements for the automatic exchange of tax information between the U.K. and its Crown Dependencies and British Overseas Territories, such as the Cayman Islands...
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.