Captive Insight Vol I | Page 54

CAPTIVEINSIGHT FRIENDS OF CAYMAN ROUNDTABLE Linda Jones RCM&D T: +1 410 769 6482 E: ljones@rcm d.com Cayman, From a Client Perspective Regardless of what we might say about ourselves as a jurisdiction, it is what Cayman’s captive clients think that really counts. Captive Insight spoke with three people who have been doing business in the Cayman Islands for many years and sit on the Insurance Managers Association of Cayman’s (IMAC) ‘Friends of Cayman’ board – a group of long term clients that meet at the annual Cayman Captive Forum to discuss the state of the industry and provide valuable feedback. What would you say are the attributes to making you wish to continue doing business in Cayman? Tom Jones: The two key enduring attributes of Cayman are confidence and trust. Due to the highly professional and seasoned captive service providers on the Island (often generally referred to as “infrastructure”), US advisers and consultants can recommend Cayman to existing and prospective clients as the preferred domicile. I’m confident my clients will be treated in a responsive, timely, courteous and informed manner. Linda Jones: History of stability in understanding healthcare risks, ease of doing business, less regulatory challenges, ability to include third party business. William Cassetta: Cayman provides our clients an outstanding platform from which to operate captives that can react quickly to ch