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Inova Alternative Insurance

Why Cayman

The premier domicile for healthcare related captives.

Cayman is the world’s fifth largest financial center, second largest captive insurance domicile, and global healthcare captive leader. As of 12/31/13, it’s the domicile for 761 captives, including 148 SPC’s. Cayman’s financial strength as a domicile includes $12.6B in total written premiums and $69.2B in total assets. Workers’ compensation is Cayman’s second largest line of business, with 162 companies. Additionally, the Cayman domicile is highly regulated by CIMA, which exercises strict statutory regulation over the segregation and protection of each SPC. 1

1Cayman Islands Monetary Authority, “Insurance Statistics and Regulated Entities,” Cayman Islands Monetary Authority, http://www.cimoney.com.ky/Stats_Reg_Ent/stats_reg_ent.aspx?id=242&ekmensel=e2f22c9a_24_150_btnlink