The Cayman Islands captive insurance
industry mentioned constant increase in 2014, with 22 new captives formed, in
keeping with the coverage Managers affiliation Cayman (IMAC).
the total wide variety of captives domiciled in Cayman
turned into 759 as at 31 December 2014, pure captives representing 415 of those
and a in addition 139 being segregated portfolio groups, writing general
premiums folks$12 billion and keeping overall belongings folks$fifty one.5
billion.
growing opposition from more than 80 captive domiciles
international has required diligence on behalf of the enterprise to maintain to
draw new captives, IMAC said in a assertion.
“The growth in the quantity of captives remaining 12 months
is proof of the continued electricity of our industry and the dwelling house,”
in line with IMAC Chairperson Kieran O’Mahony. “The enactment of the Portfolio
insurance agency policies earlier this 12 months also sets the stage for
endured increase and innovation in 2015.”
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