Cayman continues to consolidate captive growth with first-quarter additions

Cayman has reported eight newly licensed insurance companies in the first quarter of 2020, according to the latest statistics published by the Cayman Islands Monetary Authority (CIMA). Of these, five were Class B (captive insurance entitles, permitting an exempted insurer to carry on insurance business other than domestic business), two were Class C (for insurance-linked securities – providing for reinsurance…

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