Caledonian Insurance Services Limited (CISL) provides the full range of captive insurance management services including captive consultancy, formation and managerial services, as well as risk financing and risk management consultancy services to companies and individuals interested in reaping the benefits of increased risk retention

CISL benefits from its close association with the Caledonian Group based in Cayman, which offers a comprehensive range of personal and confidential services to individuals and corporate clients, including administrative services for all types of offshore companies, banks, trusts, mutual funds and investors. This association allows CISL to provide a seamless service drawing on expertise both from its own highly qualified risk management professionals, and a wide range of related professional expertise from banking to trusts and funds.

The risk management, risk financing and insurance management services provided by CISL are as follows:

Risk Management consultancy for companies and individuals wishing to improve existing or implement new and comprehensive risk management programmes.

Risk Financing consultancy to help assess levels of retention based on a company’s risk profile and appetite for risk. Thereafter to identify the most appropriate risk financing strategy for that company.

Captive Insurance feasibility studies to help the client assess its exposures, loss results, and insurance pricing, and the viability of forming a captive insurance company or other risk financing vehicle such as a segregated portfolio company. CISL will also help with preparing and submitting the insurance application to the relevant insurance regulator.

Captive Insurance Management to provide underwriting, claims, accounting and secretarial services to owners of Cayman Island captives. If other domiciles are selected then CISL can assist in the selection of other managers.

Cayman has grown into one of the largest offshore captive domiciles in the world. It offers a wealth of advantages including:

• Zero tax rate, no estate or wealth taxes, or capital gains for offshore entities
• Flexible and pragmatic regulatory authority approved and described by the IMF as “Excellent in all areas”
• A proven legal and court system based on English Common Law and locally enacted statutes
• A modern and flexible insurance act
• Competitive incorporation costs and insurance licensing fees
• No requirements for directors to be Cayman residents, or for directors’ meetings to be held in Cayman
• No requirement for investment funds to be held in a Cayman bank account
• Modern communications infrastructure
• Excellent direct flight connections to US and Europe

Conor Jennings
Managing Director
Caledonian Insurance Services Limited
Caledonian House
69 Dr. Roy’s Drive, P.O. Box 1043
Grand Cayman, Cayman Islands

Tel: 345 949 0050
(Dir 345 914 4875)
Fax: 345 814 4875
E-mail Conor Jennings

Company Web site: www.caledonian.com

• Chance and Probability as Applied to Captive Insurance by Dugald Macleod. The decision to set up an insurance captive is an entrepreneurial one. It involves replacing a contract whose terms are known, with a business proposition, whose outcome is unknown. It involves the assumption of risk. It involves taking a view of the future. This article explores this concept boldly and thoroughly. (September 2007)
  
• Risk Management And Captives. In this article, Conor Jennings enlists the help of an imaginary risk manager aptly named Ivor Cunningplan and his CEO boss, Neil B. Formy, to show the connection between good risk management and captive insurance. (January 2007)
  
• "Virgin Captives". This article by Conor Jennings features a solid introduction to captive basics, along with an explanation of numerous advantages offered to captives who domicile in the British Virgin Islands. (November 2004)
  
• The Benefits of Segregated Portfolio Insurance (January 2004)

Also, visit www.caledonian.com to access our company library.