We provide a number of Cayman Islands insurance management and captive insurance related services to clients with particular emphasis and expertise in the captive insurance sector through our affiliated company, CSI International Underwriting (Cayman) Limited (“CSI”).
CSI has been licensed as an insurance manager in the Cayman Islands since 1982. Our clients’ insurance and reinsurance activities include workers’ compensation, product liability, professional liability, environmental bonding, surety, warranties, annuity and life products.
Our clients think of us as being an extension of the insurance regulator in the Cayman Islands. With us, you receive the highest level of corporate governance, regulatory, and financial reporting assistance possible.
We can assist you with incorporation and licencing, and look after the day-to-day operations. We provide regular financial and related reports, and are your go-to for all regulatory, government, insurance, banking, and accounting filings and requirements.
Captive insurance is an alternative way for companies to access insurance coverage. In this set up a parent group, or groups of companies, create a licensed insurance company to provide coverage for itself instead of going to a third-party insurance provider.
In other words, the company becomes the owner of their own insurance company rather than a buyer of an insurance policy. It originated as a company that insured only the risks of its parent company. Now the term refers to any insurance company set up in a captive jurisdiction that is not regulated as a regular insurance company.
Home to 100+ licensed banks from over 30 countries, Cayman is the #1 domicile for hedge funds and healthcare captives.