How to form a Captive

To form a captive insurance company in the Cayman Islands is, in most cases a relatively straightforward and non-cost prohibitive process, which can be accomplished in a timely manner. A detailed license application is prepared in conjunction with the Insurance Manager, with the application including a detailed business plan, as well as financial and actuarial projections. The Cayman Islands Monetary Authority (CIMA) require background information on shareholders and directors to ensure they meet the required ‘fit and proper’ criteria.

 

Contact

© 2015 Kensington Management Group

2nd Floor, Genesis Building, George Town
P.O. Box 10027, Grand Cayman KY1-1001, Cayman Islands

Tel: 345.946.2100 • Email:info@kensington.ky

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