Last month, GCM celebrated our own Alanna Trundle’s inclusion in Captive International’s Forty Under 40. The captive industry is in safe hands with these 40 established Gen Y/Millennials in an industry developed over the decades by many Baby Boomers and fellow Gen X’ers. Reflecting on the accomplishments of these 40, I was drawing parallels to… Read more »
The Rule on Investment Activities
This past February, the Cayman Islands Monetary Authority (CIMA) issued new legislation, with a 1-year grace period, meaning it will be in effect February 2023. The Rule on Investment Activities (“the Rule”) is in effect for insurers to help set clearer regulatory investment requirements ensuring they fully consider solvency, liquidity, and all other relevant risks… Read more »
Is It Time to Bet on Your Organization with Captive Insurance?
I recently heard a statistic that over 50 percent of property casualty premiums are directed toward some sort of captive insurance structure. If you break that down further, group captives represent a majority of the insureds using this growing percentage within the property casualty marketplace. Now, if this captive term sounds a bit foreign to… Read more »
Letters of Credit & Insurance Captives
2021 ushered in new Regulatory Policy for Class B Insurers surrounding letters of credit. GCM captive insurance expert explains the different types of letters of credit and how insurance captives may utilize them.
Considerations for Investment Allocations and Portfolio Rebalancing
The equity market has taken off. Your insurance captive’s equity portfolio has been making great returns, though you’ve noticed your equity investment allocation has breached your Cayman Islands Monetary Authority (“CIMA”), the captive insurance regulator, approved thresholds. While this is a good problem to have, it does require action to bring your portfolio back to… Read more »
Rollin’ Out a Fresh Look
When you think of GCM, what words come to mind? How do you think staff, clients, and the public perceive you? Those are the questions our team was posed last year. With the Holmes Murphy acquisition of GCM in 2019, questions were raised as to “what works with our brand and what can be improved?”… Read more »
Drafting the Ultimate Service Provider Team
It takes a lot of people and resources to make sure our group captives are running smoothly. Learn more about how third-party service providers are essential to operating an efficient and effective captive. Drafting the Ultimate Service Provider Team.
The Evolution of Group Captives in the Cayman Islands
Wondering how group captives have evolved over the years? Our own Vice President Alanna Trundle offers some insights. Check out her article in Captive Review.
Captives’ Year-End To Do List
The end of the year is a mere few weeks away. Our own Charlene Tilbanie, Assistant Vice President, has a few housekeeping matters all captives should do before the year draws to a close. Read her tips!
Stability in Times of Uncertainty
Spring is my favorite time of year. The warmer temperatures, flowers, and celebrating spring birthdays – including mine! With the onset of COVID-19, birthday celebrations look a little different this year, however I recently came across something spectacular while going for a run. A little girl stood in her yard surrounded by her quarantined family. … Read more »