In an era marked by climate change, the global financial landscape has witnessed a notable surge in demand for catastrophe bonds (“Cat Bonds”), reflecting a fundamental shift in risk management strategies adopted within the insurance and reinsurance industries to securitize catastrophe risks.

Catastrophe Bond

(Re)insurance owners, executives, and senior leadership hold several important responsibilities that rely on the timely delivery of quality, well-controlled results. When constructing these results, its critical to ensure the purpose of the calculations is clear, the expectations of stakeholders are understood, a strong level of technical expertise and review is in place and that processes and systems have been developed and configured to best execute, review and communicate results. 

Reserving & Forecasting

Long-Duration Targeted Improvements (LDTI is the most significant change in account policy for US (re)insurers in recent decades. LDTI became effective January 1, 2023, for SEC filers, whereas the effective date for non-public insurers is January 1, 2025. 

Long Duration Targeted Improvements

Now, more than ever, (re)insurance leaders have the tools to understand, explain, predict, and optimize their financial results. A significant development leading to this advancement is the implementation of IFRS 17, the largest change in an IFRS standard in decades. 

IFRS 17 KPIs

Licensed (re)insurers in Bermuda and the Caribbean are required to produce audited annual financial statements. These statements need to be aligned to internationally recognized accounting standards. 

Audit Support

With a rapidly growing captive and (re)insurance market, Cayman is established and strengthening as a prime destination for (re)insurance companies. Companies are attracted to Cayman because they can gain access to a growing wealth of talent, including valuation, risk management, ALM, capital and liquidity management expertise.

Regulatory Support

The reserving actuary can bring a range of benefits to captive insurers. The key role for external actuary is typically to generate an actuarial report on a periodic basis to support the reserves booked by the captive and its financial reporting. 

Actuarial Support for Captive Insurers

The (re)insurance industry continues to change at a rapid pace, driven by several market, regulatory and technology trends. 

Finance Transformation

In today’s rapidly evolving market, mergers and acquisitions (M&A) are increasingly complex, requiring decision-makers to act quickly to seize new opportunities. We recognize the challenges faced by both buyers and sellers in this dynamic environment.

Mergers & Acquisitions Support Services

The Actuarial function in a (re)insurance company plays a vital role in ensuring the adequacy and prudence of reinsurance reserves. As such, the Cayman Islands Monetary Authority (“CIMA”), who governs financial and insurance related activities, places particular scrutiny and reliance on the competence and experience of the Appointed Actuary and Peer Review Actuary that attest to these reserves. 

Appointed Actuary & Peer Review Services

Combining high quality data management with process excellence provides superior decision-making capabilities. 

Analytics Applications

Cayman is rapidly emerging as a premier hub for (re)insurance companies, with growing confidence in the jurisdiction evidenced by the increasing number of
traditional insurance and private equity groups establishing (re)insurance platforms here.

Liquidations & Restructuring in Cayman

Life reinsurers are uniquely positioned to create significant value from well designed, built, tested and maintained model environments and processes.

Modeling Capabilities: Pricing, Regulatory, Scenarios