The Insurance Managers Association of Cayman (IMAC) has appointed Razaak “Raz” Busari as deputy head of the Insurance Supervision Division. Busari officially started in his post June 22, 2015, bringing with him more than 15 years of experience and expertise …
The Cayman Islands captive insurance industry reported steady growth in 2014, with 22 new captives formed, according to the Insurance Managers Association Cayman (IMAC). The total number of captives domiciled in Cayman was 759 as at 31 December 2014, pure …
Kieran O’Mahony of Marsh Cayman has taken the Insurance Managers Association Cayman (IMAC)* reins from outgoing chairperson Rob Leadbetter at the 2015 Annual General Meeting, which was held 22 January 2015. Joining him as the new board are: Linda Haddleton …
The Cayman Islands passed new insurance regulations on January 16, which affect portfolio insurance companies (PIC). These regulations are designed to provide more risk management alternatives for insurers incorporated as segregated portfolio companies (SPCs), creating more flexibility for their operation, …
Randolph, Mass.-based International Marketing and Administration Company (IMAC) purchased Specialty Service Solutions LLC, an insurance brokerage headquartered in Chicago. Specialty Service Solutions provides access to hard-to-find insurance products, the companies’ announcement said. Schools, camps, pro sports, amateur sports, travel medical …
