At its most basic, a captive insurance company is an insurance company licensed under specific insurance laws which are available in certain jurisdictions (including the Cayman Islands) and which has as its main purpose the insuring or financing of the risks of its owners, which may be a single shareholder or group of participant shareholders.
Captive insurance allows shareholders to self-insure for certain future losses, whilst improving their cash flow and managing the cost of insurance rather than using third party insurance providers.
To find out more about captive insurance in the Cayman Islands and how IMS can assist you, please email us at firstname.lastname@example.org.
PO Box 61
Harbour Centre, Grand Cayman
KY1-1102, Cayman Islands
T: +1 (345) 949 4244
F: +1 (345) 949 8635
IMS attends a number of relevant industry events in various jurisdictions, from private banking and family office forums, to hedge fund and captive insurance conferences. To find out where you can next meet us, please click here.