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Insurance
The Development of Offshore Captive Insurance Companies
What is a Captive
Potential Benefits of a Captive
The Insurance Law - As it applies to Captives
The Licensing Procedure
Role of the Insurance Manager
Trusts
Employment Opportunities
Contact Us
Cayman Islands

 

Insurance Services

 

HSBC Financial Services (Cayman) Limited is a leading manager of captive insurance companies in the Cayman Islands, with over 88 captives currently under management.  

 

The principal reasons for our foremost position as a captive insurance manager include:  

  • The confidence that comes from working with a member of HSBC Group, one of the world’s largest financial services organisations, with offices in 80 countries and territories offering a full range of personal, commercial, corporate and investment banking services.

  • A strong reputation for providing an efficient, professional, friendly and cost-effective service, with a high percentage of business coming from referrals by existing clients and their professional advisers.

  • Our extensive experience, as a result of being involved in the management of captives for over 19 years and working with a broad range of insurable risks and products, including Casualty, Credit Life, General Liability, Healthcare, Products Liability, Professional Liability, Workers Compensation and Catastrophe Bonds. 

  • Our continuing financial independence from any major insurance broker in the U.S. insurance market, while enjoying excellent relations with a large network of brokers. 

  • The flexibility that comes from our being part of the HSBC Group and also from our local Banking, Trust and Mutual Funds experience.  

We provide a wide range of captive management services, which can be adapted to suit individual client’s needs, including:  

  • Assistance with preparation of a feasibility study

  • Preparation of the licence application

  • Registration and incorporation of the captive

  • Preparation of accounts and any other required financial analyses

  • Supervision of audit completion

  • Arrangement of Board meetings and meeting materials

  • Day to day correspondence with regulators and all other service providers

  • Maintenance of corporate and statutory records

  • Provision of banking and custodial facilities

For further information on our range of captive management services please review the detailed information provided or contact us.


© HSBC Group, 2001