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27 March 2017 | St Peter Port
Guernsey should take the UK ‘seriously’ as it sets up an insurance-linked securities (ILS) regime in London, according to Stewart McLaughlin, executive director at Aon Risk Solutions Read more

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27 March 2017 | Cayman Islands
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Address
Insurance Managers Association of Cayman

Grand Cayman,
KY1-1005,
Cayman Islands

Contact
William Forsythe

Telephone
+1 345-949-4622

Email
william.forsythe@caymancaptive.ky

Website
http://www.imac.ky

The Insurance Managers Association of Cayman is a non-profit organisation run for and by Cayman’s captive insurance industry, including insurance managers, Cayman captive insurance companies and service providers. The association is the unified representative of the captive industry, acting as a liaison with the Cayman Islands Government, the Cayman Islands Monetary Authority (CIMA) and the private sector, to ensure that its members’ interests are represented.

"Mission: To promote the development of the Cayman Islands captive insurance industry through cooperation and engagement with local government, regulators, media and other organisations, to promote the integrity and intellect of the industry, and to encourage sustainable growth through innovation, education and international competitiveness."

IMAC GOVERNANCE
IMAC’s elected Executive Committee is supported by five sub-committees:

Marketing
The marketing committee’s responsibility is to promote the Cayman Islands as a quality domicile for captive insurance companies. They accomplish this through a variety of media – conference sponsorship and attendance, digital and traditional communications, public relations and hosting networking events.

Cayman Captive Forum
IMAC hosts the world’s largest captive insurance conference – the Cayman Captive Forum – which has been held annually since 1993. Read more about the Forum.

Legislative and Regulatory
Effective representation of the industry to the regulators and legislators enables the Cayman Islands to be the proactive and forward-thinking jurisdiction it has become. This committee provides substantive input into proposed changes of legislation and regulation.

Research and Development
The captive insurance industry is dynamic and sharing best practices and insights are important in fostering a jurisdiction of experts. Regular technical courses and seminars led by industry experts are held for IMAC members.

Education and Scholarship
IMAC initiated an Educational Scholarship Fund in 1994 that assists in providing post-secondary education to Caymanian students who would not otherwise be able to attend university.
Related Insurance Managers Association of Cayman news stories
Haddleton to focus on innovation as IMAC chair - 14 February 2017
Linda Haddleton begins new role as IMAC chair - 18 January 2017
Cayman ahead of 2015’s captive figures - 26 October 2016
Cayman seeking Latin American business - 28 September 2016
Canada is key for Cayman captives - 08 September 2016
IMAC welcomes new insurance supervisor - 21 July 2016
IMAC names new executive board - 04 February 2016
Ian Kilpatrick receives captive industry award - 21 April 2015
Cayman introduces new PIC laws - 16 February 2015
Cayman out in force at ASHRM - 23 October 2014


Related Insurance Managers Association of Cayman features
There are currently no related features for Insurance Managers Association of Cayman.


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Guernsey must pay attention to UK’s ILS push, says McLaughlin
Guernsey should take the UK ‘seriously’ as it sets up an insurance-linked securities (ILS) regim Read more

Grant Thornton Cayman founding partner retires
Grant Thornton’s Terry Carson has retired, stepping down from his role as founding partner Read more

Drinker Biddle hires insurance pro in California
Dan Brown is based in the firm’s San Francisco office. He was previously a partner at Dentons wher Read more

Christina Kindstedt joins Advantage Insurance
Advantage Insurance has appointed Christina Kindstedt as senior vice president Read more

Delaware to allow captives to go dormant
Arkansas and Montana introduced legislation proposing a dormant status for captives last month Read more

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