21 December 2017
Reporter: Ned Holmes

Cayman on track for a successful year

The Cayman Islands’ international insurance industry is on track to repeat the success it enjoyed in 2016, according to the incoming chair of the Insurance Managers Association of Cayman (IMAC), Erin Brosnihan.

Brosnihan said that 2017 has been another successful year for Cayman, with nearly $12.5 billion in premiums having been written from over 730 licenses at the start of Q4.

The full end of year results will be released in January, and the incoming chair suggested that those figures, along with the recent confirmation of Cayman as a ‘cooperative’ jurisdiction by the EU, are a symbol of the large strides made toward Cayman being the “number one jurisdiction of choice”.

Brosnihan takes on the role after Linda Haddleton sadly passed away last month.

Brosnihan said: “To continue Linda's fierce commitment to drive Cayman's international insurance industry forward, we have an exciting year ahead in 2018.”

She added: “We aim to cement our position as the world's leading jurisdiction for insurance. I'm delighted to move into 2018 as the chair of such a forward thinking and ambitious organisation.”

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