Cayman In Colombia To Tout Captive Insurance Wares
by Mike Godfrey, Lowtax.net, Washington
03 October, 2016
Representatives from the Cayman Islands are in Bogota, Colombia, to promote the territory's captive insurance offerings and the RIMS Risk Forum.
The territory sent a team of experienced representatives from captive insurance industry service providers, spearheaded by The Insurance Managers Association of Cayman (IMAC), to meet and talk with approximately 300 conference attendees.
IMAC Board Member and Forum delegate, JS de Jager, said ahead of the event, which began on October 3: "Latin America is an important market for Cayman captives. With various tax information exchange agreements with Latin American countries (Argentina, Brazil, Chile, Colombia, Mexico, to name a few), the strength of our legislative and regulatory infrastructure, and the extensive experience and expertise of our local service providers, Cayman is able to offer Latin American companies a product that is well-tested and efficient. We have a number of Latin American captives domiciled here in Cayman already and we are optimistic about the opportunities to spread the word to motivate more Latin American businesses to follow their example."
Jager added: "There are many synergies to be explored. Business travel is very convenient due to the close proximity (one hour) of the Cayman Islands to Miami, the gateway to Central and South America, and the frequent flights on offer between Cayman and Miami and Miami and Central and South America."
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