Introducing Portfolio Insurance Companies – Cayman Islands

On 16 January 2015 The Insurance (Portfolio Insurance Companies) Regulations, 2015 of the Cayman Islands were enacted and related sections of The Insurance (Amendment) Law 2013 commenced. The changes permit licensed insurers established as segregated portfolio companies (SPC) to incorporate one or more of their cells as “portfolio insurance companies” (PIC). This innovative development to the insurance statutory framework further enhances the risk management options available to insurance participants in the Cayman Islands.

 

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