The global insurance industry is a highly competitive and cyclical market. It is influenced by a number of factors including economic activity, financial market conditions, claims settlement trends, industry capacity and catastrophic events. As a result, companies seeking conventional coverage can encounter issues relating to affordability, availability and suitability.

This volatility in the traditional insurance industry has prompted many insurance buyers to seek alternatives, one of which is captive insurance. Despite its maturity, the captive insurance industry continues to evolve, with buoyant growth in the number of captives and their range of uses.

Owners of captive insurance companies enjoy far greater long-term control over their insurance destiny, as well as the potential for financial gain. Kensington is one of the leading insurance managers in the Cayman Islands and can provide the necessary information and professional assistance required to start your own captive and achieve a more stable arrangement to service your insurance needs.