Property Engineered Risk Insurance Limited (PERIL) has received a conditional licence from the Cayman Island Monetary Authority (CIMA) and will begin underwriting from 1 November.
Commercial reinsurers are increasingly interested in working directly with captive insurance companies, as they mature and explore more sophisticated reinsurance strategies.
NASW Insurance Company’s (NASWIC) AM Best financial strength rating of ‘A-’ (excellent) and the long-term issuer credit rating of “a-” (excellent) rating remains under review with negative implications remains.
While not their primary role, the study found that captives can be utilised in many ways to embed ESG initiatives into insurance and risk financing strategies.
Since the Cayman Islands first introduced captive legislation in 1979, the domicile’s pragmatic regulator and business-friendly ecosystem have helped the jurisdiction build a strong reputation as a premier domicile.
Luke is joined by Gareth van den Bergh and Michael Wild, of Artex Risk Solutions, Kevin Poole, of IMAC, and captive owner Greg Echols, co-CEO of Gardant Management Solutions to discuss Cayman's position as a premier captive domicile.
Guernsey-based Jeometri Insurance Managers is proud of the recent non-admitted insurers it has assisted in established in the domicile to write business such as dental and travel coverage.
Searchlight Cyber has acquired Intangic, the cyber risk management firm known for its data-driven modelling and financial quantification of cyber risk.
Luke is joined by Gareth van den Bergh and Michael Wild, of Artex Risk Solutions, Kevin Poole, of IMAC, and captive owner Greg Echols, co-CEO of Gardant Management Solutions to discuss Cayman's position as a premier captive domicile.
Darren Wadley and Aaron Slattery, of Jeometri Insurance Managers, discuss the recent formation of a non-admitted insurer in Guernsey, reinsurance protection and the prospects of a UK captive regime.