FOURTH QUARTER 2013 | ISSUE 1
A NOTE
from the publisher
By: Denise Gower
“ eing good in business is the most fascinating kind of
B
art. Making money is art and working is art and good
business is the best art”. Andy Warhol
Perhaps Warhol was thinking of the Cayman Islands when
he said that good business is the best art. Cayman is a
wonderful place that is extraordinarily picturesque, but
that beauty is often used as a bat with which to beat the
jurisdiction, as some kind of justification that one cannot be
beautiful and smart at the same time. The Cayman Islands
has, however, proved repeatedly over decades that it is a
place of good business, being not only willing to co-operate
with international regulatory initiatives based on a level
playing field, but establishing itself as a leader and an active
participant in the development of these initiatives.
The Insurance Manager’s Association of Cayman (IMAC) is
an active industry body that has set its mission as promoting
Cayman’s insurance industry internationally, working
with the Government and the regulator in representing the
industry to assist in striking that right balance between the
provision of robust regulation and legislation, and being
sufficiently flexible to allow for innovation. IMAC is the
gateway by which Cayman can to respond meaningfully to
industry demands and to create an environment that fosters
good relationships between all stakeholders, including
clients, regulators, service providers and also the wider
public, who will benefit from innovation through lower fees
and broader insurance coverage.
IMAC set out this year to approach their mission a little
bit differently, recognising that because good business is
the best art, the message they need to deliver had to be one
that would reach those stakeholders, and the only way to
do this was to make it stand out in an excessively noisy
environment. The result was a well-defined brand that
speaks for Cayman’s financial services industry as a whole:
“Cayman Islands. Clearly Better Business.”
The new positioning statement addresses in three simple
words Cayman’s commitment to transparency, to its pursuit
of and the delivery of good business practices and to the
jurisdiction’s position of being a genuine business centre
that has the infrastructure, credibility and integrity that
has made it a well-respected international financial centre
of substance.
This publication is another way that IMAC chose to
communicate to its wide and varying audience. In it, we
have asked experts from the Cayman insurance industry,
including insurance managers, service providers, the
Cayman regulator and long term clients of the Cayman
Islands, to share their knowledge, experience and insights
about the state of the industry, where it is going, and how
the Cayman Islands is making its stand as a jurisdiction
of innovation.
As an industry, we are interested in your views and we
have developed lots of ways for you to provide feedback
and to be involved in the many conversations that are going
on around the state of the industry and the issues that arise
– follow Insurance Managers Association of Cayman on
LinkedIn, @caymancaptive on Twitter, on Facebook and of
course through our new website at www.caymancaptive.ky.
In the meantime, we hope that Captive Insight meets our
aspiration of being Warhol’s perfect mix of good business
and good art.
CAPTIVEINSIGHT
PUBLISHER
Denise Gower
T: +1 345 945 8188
E: [email protected]
To discuss editorial or advertising
opportunities in the next issue:
Denise Gower
T: +1 345 945 8188
E: [email protected]
ADVERTISING SALES
Rob Martin
Nicole Fleury
DESIGN AND PRODUCTION
Molly Cockcroft
W: www.missmoco.co.uk
E: [email protected]
PHOTO CREDITS
Cayman Islands National Archive
Cayman Islands Planning Department
Camana Bay
Marios Montana
Captive Insight is owned and published
by Fountainhead Business Development
PO Box 30389
425 Shedden Road, George Town
Grand Cayman, KY1-1202
T: +1 345 945 8188
W: www.fountainhead.ky
FOURTH QUARTER 2013 | ISSUE 1
No part of this publication may be
reproduced in any form without the prior
written permission of the publisher. The
views and opinions expressed are those of
the authors and are not necessarily shared
by the publisher, Fountainhead Business
Development. No responsibility or liability
is accepted by Fountainhead Business
Development for any loss to any person
who acts or refrains from acting as a result
of any statement, fact or figure contained in
Captive Insight.
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