Industry associations and regulator successfully engage with stakeholders at US captive insurance conference

A joint industry-regulator delegation represented the Cayman Islands at the CICA International conference in Scottsdale, AZ, on 10-12 March.

Cayman Finance, the Insurance Managers Association of Cayman (IMAC) and the Cayman Islands Monetary Authority (CIMA) jointly represented the jurisdiction at the Captive Insurance Companies Association (CICA) 2024 International Conference at the Westin Kierland Resort & Spa in Scottsdale, AZ, on March 10-12.

The industry associations and Cayman’s financial regulator formed a delegation to promote the Cayman Islands to an international audience.

CICA’s annual conference which brings together captive professionals from around the world saw a record attendance with 659 delegates. They included 24% captive owners and representatives from 44 states and 43 offshore or international domiciles.

Associate Director Brittany MacVicar said Cayman Finance is delighted with the success of its participation in the conference, where the association showcased Cayman as a premier jurisdiction for captive insurance.

“Having both IMAC and CIMA alongside us at the conference allowed for a comprehensive representation of our jurisdiction’s capabilities and expertise. Our presence as exhibitors provided a unique opportunity to engage with attendees, which included discussions on captive re-domiciliation, new captive establishment, and the overall benefits of Cayman as a domicile,” she said. “We are thrilled with the outcomes of the conference and look forward to building upon the connections made to further bolster Cayman’s standing in the captive insurance industry.”

The 2024 CICA International Conference featured 35 education sessions and a diverse lineup of more than 120 industry experts, as well as networking events.

IMAC General Manager Kevin Poole said, “From an IMAC perspective exhibiting at CICA provided the opportunity to meet many attendees, some of whom were already friends of Cayman, but it also enabled us to hold interesting discussions on subjects such as captive re-domiciliation to Cayman as well as potential establishment of new captives and captive management operations and to provide general advice to those with an interest in learning what Cayman has to offer as jurisdiction.

“IMAC also took the opportunity to attend the Captive Association Leadership Counsel (CALC) meeting to discuss common issues and developments and exchange ideas with captive association leaders and staff from various captive domiciles,” he added.

Related news

Cayman Finance News

New Research Demonstrates TJN’s State of Tax Justice Report Based on Flawed Analysis for Cayman Islands

Cayman Finance News

Cayman Finance welcomes government’s updated commitment to the UK on beneficial ownership