|[December 05, 2013]
Cayman Captive Forum Sells Out
GEORGE TOWN, Grand Cayman --(Business Wire)--
The 21st annual Cayman Captive Forum, believed to be the
world's largest captive conference, has sold out with just shy of 1,400
participants taking part in a week of educational sessions, information
sharing and networking.
As the conference officially opened Wednesday morning, keynote speaker
Jordan Belfort spoke to a standing room only crowd, describing his past
life on Wall Street, his extravagances and wayward behaviour and how he
now values a life of integrity.
The Insurance Managers Association of Cayman (IMAC) chairperson Rob
Leadbetter lead the delegates through the state of the Cayman industry,
highlighting not only the issues facing Cayman, but how the jurisdiction
has rallied together over the past year to face ongoing changes within
the industry - for example the introduction of new legislation including
the new provisions relating to Portfolio Insurance Companies (PICs), the
adaptation and inroduction of new regulations, and the evidence of the
success of these new initiatives resulting in a 17 percent increase of
gross written premiums over the last year, namely US$13.8 billion this
year up from US$11.83 billion as at 31 December 2012.
Cayman Islands dignitaries, including Premier Alden McLaughlin,
Honourable Ministers Marco Archer, Osbourne Bodden, Kenneth Jefferson
and Councilor Winston Connolly were all on hand to congratulate the IMAC
on another successful conference and to update the delegates on the
state of the industry, Government's latest contributions and efforts on
international regulatory initiatives, and Cayman's co-operation with
New additions to this year's Cayman Captive Forum include a full agenda
app, which has had over 5,400 page views and the launch of Captive
Insight, IMAC's own issues-based magazine.
The 2014 Cayman Captive Forum is being held 4th - 6th
December at the Ritz Carlton, Grand Cayman.
Insurance Managers Association of Cayman (IMAC) is a non-profit
organisation run by the insurance managers of the Cayman Islands. In
operation since 1981, IMAC's aim is to act as both regulatory liaison
with the Cayman Islands Government and to promote the Cayman Islands as
a domicile of choice for captive insurance companies.
IMAC hosts the world's largest captive insurance conference, attracting
nearly 1,300 captive managers, service providers and directors annually.
For more information on IMAC visit www.caymancaptive.ky.
[ Back To Technology News's Homepage ]