What’s the current state of the captives market with regard
The Cayman captive market continues to show exciting growth and
activity. The Cayman Islands is the leading jurisdiction for healthcare
captives, representing almost half of all captives. This is despite the steady
consolidation of US healthcare systems in recent years, as a result of the
passing of the Affordable Care Act in 2010.
As of June 30, 2017, there were 673 B licensees. In the first 6 months of
2017, four B(i)s and nine B(iii)s have been licensed. Total premiums as of
June 30, 2017 were reported at $12.4 billion, and total assets were reported
at $62 billion.
Pure captives and group captives are the largest categories with 327
and 117 each. Medical malpractice coverage continues to be the largest
primary line of business (32 percent), with workers’ compensation second
(21 percent). North America continues to be the principal source of risk for
Cayman captives, making up 90 percent of total risk re/insured through
Why are the Cayman Islands so attractive to overseas
First and foremost, the Cayman Islands has in place a robust regime for
regulation and cross-border cooperation which has surpassed many of
the world’s top international finance centres. The jurisdiction is recognised
internationally for its efforts in adhering to, and in some cases exceeding,
international regulatory standards.
The Cayman Islands is recognised by the Organization for Economic
Cooperation and Development (OECD), the International Monetary Fund
and other international bodies as having transparency and standards
consistent with those of other major developed countries. The Cayman
Islands is a Financial Action Task Force (FATF)-compliant jurisdiction and is
a member of the Caribbean Financial Action Task Force (CFATF).
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