ARTICLE
6 September 2016

Cayman Islands Portfolio Insurance Companies

W
Walkers

Contributor

We are a leading international law and professional services firm providing legal, corporate and fiduciary services to global corporations, financial institutions, capital market participants and investment fund managers. With a global presence spanning the Americas, Europe, the Middle East and Asia, we advise on the laws of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Ireland and Jersey. With over sixty years of looking at the world through the same commercial lens as our clients means we deliver focused, clear, precise advice to get the deal done. Clients trust us to help them make good business decisions, create commercially sound products and strategies, resolve disputes and cement deals that are profitable. From offices across geographies, we deliver business-critical advice and service in the same time zones as our clients, covering asset management, investment funds, corporate, M&A, dispute resolution, finance, insurance, fintech, private capital and trusts, regulatory and more
Walkers has seen significant interest in the portfolio insurance company product, which is not surprising given that the PIC initiative was insurance sector-led.
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Walkers has seen significant interest in the portfolio insurance company product, which is not surprising given that the PIC initiative was insurance sector-led. The enabling legislation was specifically designed to allow Cayman Islands insurers established as segregated portfolio companies (SPC) to incorporate one or more of their segregated portfolios, also referred to as cells, as separate legal entities—PICs.

This video gives a brief overview of the PIC.

To view our advisory that introduces the PIC, please click here.

To view a Captive Insurance Times article, in which we are mentioned, please click here.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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