Offshore insurance captives are cost-effective alternative risk programs. When home coverage is not available or rates are expensive, Cayman captives provide parent companies, affiliates, mutual companies, funds, insurance brokers, associations and other industry-based groups a viable insurance solution. Thanks to their flexible nature, Cayman captives allow for the design of custom insurance platforms that meet even the most complex needs. Another key benefit of offshore insurance captives is the ability to lower costs through the reduction of claim administration and income tax. Offshore insurance captives also enable parent companies to generate profits through the accrual of investment income.
At Lainston, we help clients navigate all aspects of Cayman insurance management. From structure formation and establishment to the ongoing, everyday needs of Cayman captive management, we guide clients through the intricate aspects of ownership, capitalization, underwriting, claims control and taxation. Our Cayman captive management services encompass single parent captives, group captives, association captives, rent-a-captives and rent-a-captive segregated portfolio companies, among others. Lainston is a licensed insurance manager that is regulated by the Cayman Islands Monetary Authority (CIMA).