As we near the end of the financial year, it’s a good time to look ahead to 2025 and factors that could impact the global insurance market. Should you be making a change to your insurance? Perhaps! Premium Rate Predictions Following the recent and long-awaited cuts to the Federal Fund rates in September and November… Read more »
Meeting Season Cultivates Connection with Insurance Captives
It’s not uncommon to hear the first few months of the year referred to as the “busy season” as we kick off a new year and dive into the first quarter. While busy seasons or quiet seasons differ by person, industry, and role, I have personally found the beginning of the year to be a… Read more »
Tips for Successful Captive Succession Planning
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 »