ILS’s tide continues to roll in

As a kid growing up in America, college football was larger than life, as I imagine it is with soccer outside of the U.S., with a plethora of teams and associated mascots to choose from. Like most kids, I had my favorites, based on colors or the  ... 

 

Cayman Islands insurance companies and FATCA

On March 18, 2010, the Hiring Incentives to Restore Employment Act of 2010 added chapter 4 to Subtitle A of the U.S. Internal Revenue Code. The provisions in Chapter 4 are commonly referred to as the Foreign Account Tax Compliance Act. 

 

Incorporated cells:

The Amendment Law, whilst now on the statute book, is not yet in force at the time of writing but will be brought into force once necessary amendments have been made to the underlying Insurance Regulations.   

 

The Insurance (Amendment) Bill 2011: Portfolio Insurance Companies (PIC)

This article summarises the main points of the Insurance (Amendment) Bill 2011. This Bill, currently a consultation draft, seeks to amend the Insurance Law, 2010 to permit the registration of PIC; and to provide for incidental and connected purposes.   

Cayman Islands: Steady as she goes

With triple-digit drops in the Dow one day and double-digit jumps the next, frightened investors seem to have made peace with the fact that their money may be safer under their mattresses than left to the volatility of the market.

The Caribbean Catastrophe Risk Insurance Facility – a critical component

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) was formed in May 2007 following Caribbean heads of government evaluating their countries’ exposures to catastrophe hazards, such as Hurricane Ivan in September 2004 which caused physical and socio-economic damage to Grenada, Jamaica and the Cayman Islands.

Captive insurance company case studies – the reinsurer’s perspective

Captive insurance company business has always been viewed by United as ‘preferred’ business. Simply put, organisations that are willing and able to retain risk in their own (captive) insurance company subsidiary, whereby their capital is exposed to the potential for loss ...
 

The shape of CDOs to come

Global CDO issuance grew from approximately US$41bn in the first quarter of 2005 to over US$180bn in the first quarter of 2007, as shown in Exhibit 1. Over the same period, the proportion of new CDOs issued by Cayman special purpose entities (SPEs) peaked at around 80 per cent of total global issuance

Current state of the Cayman captive industry

Sidebar:A note of condolence and a sincere thank youSidebar:Statistics as of 30 June 2009The Cayman captive industry continues to be a stable line of...

Why would anyone want to start a reinsurance company in the Cayman Islands?

What do most people do there anyway?When I joined Greenlight Capital Re in 2005, I heard many variations on these questions. Most came from...

Current and pertinent issues relating to the Cayman islands Captive Insurance Industry

The Cayman Islands captive insurance industry’s most pertinent issue today is the current global financial crisis. Rounding out the Top 3 pertinent issues to our industry is increased competition and a potentially changing regulatory environment; however these two issues are not necessarily mutually exclusive to the current global economic problems.
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