Cayman sets out to ‘captivate’ at industry conference

(CNS): As the Cayman Islands continues its bid to be a world leader in the captive insurance sector it will be showcasing the benefits of establishing captives in the Cayman Islands at the 31 Annual American Society for Healthcare Risk Management (ASHRM) conference and exhibition in Phoenix, next week. Several representatives from the Insurance Managers Association of Cayman (IMAC), and individuals from private-sector firms, the Cayman Islands Monetary Authority, and the Cayman Islands Government will staff the Cayman Islands Financial Services booth to ensure that Cayman’s reputation as a leading, first-rate international financial centre is well known to conference attendees, officials said.

ASHRM is considered to be the healthcare industry’s leading networking and educational event of the year. This is particularly important to Cayman’s insurance industry as Cayman is the leading jurisdiction for healthcare captives and the second leading domicile for number of licensed captives, with a total of 725.

Close to 2,000 attendees are expected to attend ASHRM this year. This will offer Cayman’s delegation the opportunity to build relationships with existing clients, attract new clients, network, and take away information relevant to Cayman’s industry.

The Cayman Islands insurance sector has been attending ASHRM since 1996. Cayman’s participation is jointly sponsored by IMAC and the Cayman Islands Government.