205 results found

In this guide, partner Philip Paschalides and senior counsel Tony De Quintal answer pertinent questions on Cayman's legal and regulatory framework in the insurance context...

CIMA published yesterday (31 May) a revised rule and guidance addressed to insurers and registered PICs licensed by CIMA that use outward reinsurance.

A public meeting on the new Trade and Business Licensing Law, specifically health insurance and pension requirements, is being held at 7pm on Thursday, 31 March, at the Town Hall in George Town.

Law and Practice' chapter in the Chambers and Partners Global Practice Guide 2021 on Insurance & Reinsurance.

Partner Ramesh Maharaj and associate Derek Stenson met with Becky Butcher of The Captive Insurance Times to discuss the popularity of the Cayman Islands Portfolio Insurance Company.

In this article, Tim Frawley of Maples and Calder and Karey B. Dearden of Ernst & Young highlight some key reasons driving interest in the Cayman Islands as a domicile for the establishment of reinsurance vehicles.

An overview of the regulations and regimes governing insurance and reinsurance in the Cayman Islands.

The Cayman Islands insurance and reinsurance sector continues to be a jurisdiction of choice for entities reinsuring risk from the USA.

In this Q&A Abraham Thoppil and Luke Stockdale provide an overview of the law as it relates to insurance and reinsurance in the Cayman Islands.

The statutory deadline for filing CRS and US FATCA reports for the 2017 year of account was 31 May 2018. Notwithstanding this statutory deadline, the Department for International Tax Cooperation (the "DITC") ...

This edition of Conyers Coverage examines critical regulatory developments affecting Cayman Islands insurers, including the Legal Services Act's implications for insurance managers and in-house counsel, CIMA inspection trends, and evolving AML and beneficial ownership requirements. The newsletter also explores the growing market for funding agreements and analyzes key conditions precedent in financing transactions involving Cayman reinsurers, while highlighting findings from the Society of Actuaries report

The Cayman Islands Monetary Authority ("CIMA") has issued a new Regulatory Policy on Licensing for Class B Insurers, effective immediately, which sets out CIMA's expectations...

As noted in our client update of 3 April 2013, the Insurance Law, 2010 (the "Law") was amended to allow for a segregated portfolio company ("SPC") to register subsidiary companies as portfolio insurance companies (each a "PIC") with the Cayman Islands Monetary Authority ("CIMA").

Among other topics, the authors discuss transaction activity, alternative risk transfer, making an insurance contact, disputes and InsurTech.

All companies carrying on insurance or reinsurance business in or from within the Cayman Islands must be licensed by the Cayman Islands Monetary Authority pursuant to the Insurance Law, 2010 (as amended) ...

The Insurance Act amendment is intended to strengthen the Cayman Islands' position in international reinsurance and domestic insurance.