Cayman Islands’ first devoted reinsurance convention set

The Cayman Islands’ first devoted reinsurance occasion is about to be held this April, discussing the attractiveness of the islands for these within the reinsurance phase.

The occasion, known as [Re]Join, is scheduled for April 18 and 19, 2024, on the Ritz-Carlton Grand Cayman. This convention goals to unite main figures, regulators, executives, and different key gamers from the reinsurance area for 2 days devoted to change of information, instructional development, and networking alternatives.

The occasion is predicted to attract a crowd of each worldwide and native members, with a keynote speech by the Hon André M Ebanks MP, Deputy Premier and Minister for Monetary Providers and Commerce, amongst different roles.

A collection of panel discussions will delve into urgent points throughout the reinsurance sector, with a give attention to offering insights and uncovering strategic alternatives for reinsurance within the Cayman Islands, particularly throughout the life & annuity and property & casualty segments.

Highlighting the current pattern of asset managers shifting into the reinsurance area, [Re]Join will characteristic a dialogue between Paul Forestell, managing associate at Brookfield Reinsurance, and Raj Krishnan, associate and CIO at Ares Insurance coverage Options. The dialog goals to discover the distinctive elements of the reinsurance market, notably these which can be drawing curiosity to the Cayman Islands.

Kara Ebanks, who leads the Insurance coverage Supervision Division on the Cayman Islands Financial Authority (CIMA), is slated to take part in a panel on Rising Regulatory Subjects. This dialogue will make clear the Cayman Islands’ efforts to align with international regulatory requirements and CIMA’s ongoing initiatives to keep up the jurisdiction’s aggressive edge in reinsurance.

“Why Cayman?”

One other panel titled “Why Cayman?” will handle the components contributing to the Cayman Islands’ attraction as a vacation spot for reinsurance companies. The session will cowl licensing and utility procedures, the business-friendly local weather of the Cayman Islands, and the position of insurance coverage managers in facilitating institution processes, alongside authorized, tax, and actuarial issues important for a profitable reinsurance operation.

The convention may even discover the burgeoning area of insurtech, highlighting how improvements and technological developments are reworking danger switch processes.

Moreover, [Re]Join plans to supply a glimpse into way of life advantages for reinsurance professionals residing within the Cayman Islands, together with the logistics of organising an workplace and the recruitment course of.

“As we stay up for welcoming delegates to the inaugural [Re]Join convention, I’m notably excited in regards to the caliber of the audio system that may present each a global perspective and native perception into Cayman’s reinsurance providing,” Steve Papciak (pictured above), chair of the CIRCA advertising committee mentioned. “The overwhelmingly optimistic response we have now obtained in direction of [Re]Join highlights the potential for the way forward for this occasion and the trade as a complete.”

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