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Sep 2, 2024 | 
caymanfinance.ky | Philippa Gilkes |Frank B. Farrell
In light of the influx of life & annuity reinsurers on-island, we thought it useful to provide a refresher on the role of the appointed actuary and peer reviewing actuary (“PRA”) in the Cayman Islands and matters for licensees to be mindful of in connection with their appointment and submission of their reports. Read on for our insights into the appointment process and the role and responsibilities of the appointed actuary and PRA.
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Aug 28, 2024 | 
jdsupra.com | Frank B. Farrell |Philippa Gilkes
In light of the influx of life & annuity reinsurers on-island, we thought it useful to provide a refresher on the role of the appointed actuary and peer reviewing actuary (“PRA”) in the Cayman Islands and matters for licensees to be mindful of in connection with their appointment and submission of their reports. Read on for our insights into the appointment process and the role and responsibilities of the appointed actuary and PRA.
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Aug 15, 2024 | 
mondaq.com | Philippa Gilkes |Frank B. Farrell
In light of the influx of
life & annuity reinsurers on-island, we thought it useful to
provide a refresher on the role of the appointed actuary and peer
reviewing actuary (“PRA”) in the Cayman Islands and
matters for licensees to be mindful of in connection with their
appointment and submission of their reports. Read on for our
insights into the appointment process and the role and
responsibilities of the appointed actuary and PRA.
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Aug 15, 2024 | 
lexology.com | Philippa Gilkes |Frank B. Farrell
In light of the influx of life & annuity reinsurers on-island, we thought it useful to provide a refresher on the role of the appointed actuary and peer reviewing actuary (“PRA”) in the Cayman Islands and matters for licensees to be mindful of in connection with their appointment and submission of their reports. Read on for our insights into the appointment process and the role and responsibilities of the appointed actuary and PRA.
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Aug 8, 2024 | 
eplocalnews.org | Frank B. Farrell
One thing seems clear about the 2024 election: If you want to hear divergent viewpoints, talk to a Democrat and a Republican on the same subject. While Minnesota Democrats are enthusiastic about Kamala Harris' choice of Gov. Tim Walz as her running mate, Minnesota Republican Party Chair David Hann, an Eden Prairie resident, has a decidedly different point of view.
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Apr 23, 2024 | 
lexology.com | Derek Stenson |Róisín Liddy-Murphy |Philippa Gilkes |Sarah Farquhar |Frank B. Farrell |Wayne Flanagan
The first dedicated reinsurance conference in the Cayman Islands was by every conceivable metric an incredible success. Hosted by CIRCA, close to 450 reinsurance professionals gathered at [Re]Connect to network and hear directly from the Government, regulator, service providers and other stakeholders on Cayman’s growing reinsurance industry.
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Mar 26, 2024 | 
mondaq.com | Derek Stenson |Philippa Gilkes |Spencer Vickers |Frank B. Farrell
A warm welcome to our latest edition of Conyers
Coverage. It's been a dizzying year to date for the Cayman
Islands (re)insurance industry, so it's time for some updates
and insights.
The momentum is real and the pipeline is strong, with a
significant increase in interest following the Cayman Reinsurance
Roundtable in New York in January and the Refocus conference in
February.
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Dec 29, 2023 | 
jdsupra.com | Frank B. Farrell
The Conyers insurance team regularly assists clients looking to convert their licensed insurer into a segregated portfolio company (“SPC”) in order to separate their programs by cedents or lines of business into segregated portfolios (“SPs”), as well as the establishment of portfolio insurance companies (“PIC”) into which insurance programs originally written in SP are transferred.
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Dec 20, 2023 | 
mondaq.com | Frank B. Farrell
We explore this process in more detail in this article. For
general background information on SPCs and PICs check out the
following links to our briefing papers on SPCs, PICs and to our explanatory video on PICs.
A significant benefit of the PIC product has always been the
ability of a sponsor/group to utilise a PIC to dip its toe into
Cayman regulatory waters and get a feel for running its own
(re)insurer without the fulsome regulatory burden of obtaining a
standalone insurer licence.
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Oct 10, 2023 | 
eplocalnews.org | Frank B. Farrell
A solar eclipse is set to cross North, Central and South America on Saturday, Oct. 14. It will be visible in parts of the United States, Mexico, and many countries in Central and South America. In the U.S., the total solar eclipse will begin in Oregon at 9:13 a.m. PDT and end in Texas at 12:03 p.m. CDT. A solar eclipse occurs when the moon's orbit aligns in such a way that the moon passes between the Earth and the sun, casting a shadow that blocks sunlight.
