Cayman Islands Report 2018

The industry experts featured in the Captive Review Cayman Report reflect on the jurisdiction’s successes in 2017, recent areas of increased focus, and new disclosures firms must adhere to.

In 2017, Cayman’s captive insurance sector continues to thrive. Under analysis is the continuing popularity of group captives for healthcare firms, in lieu of the continued move towards consolidation, SPCs, the steady growth of PICs, Cayman’s viability for insurance-related entities, and more.

With the Caribbean buffeted by several hurricanes during the third quarter of 2017, the matter of business continuity management for Cayman-based firms becomes a matter of amplified importance. When a force majeure event occurs, many firms with poorly defined business continuity plans, those which cannot be implemented in a timely, effective manner, will perish.

Finally, the steps firms must take to comply with the Financial Accounting Standards Board’s (ASU) 2015-09 are also broken down.

We hope this report covers the key issues in Cayman and gives readers a sense of what trends and opportunities are liable to come to fruition as we move into 2018.

5-6 November 2025

China captives get outlook downgrade

Moody’s turns negative on ten insurers after downgrading the outlook of China’s government credit ratings   Moody's Investors...
MORE

SAOC Bermuda captive gets credit ratings upgrade

An absence of large losses has seen Stellar Insurance record a five-year combined ratio of 20.7%   AM...
MORE

Biggest salary hikes for risk managers with ERM specialism and experience

RIMS survey finds a 13.3% salary increase for US ERM directors, compared to a 6.9% increase across all...
MORE

Enel captive “good news” but ANRA wants law change for “mass return”

Carlo Cosimi, president of Italy’s risk managers’ association, wants a specific captive licence defined in law   Carlo...
MORE