Highlights from the Cayman Islands Insurance Association’s “Introduction to Reinsurance Training”, held April 3rd at Camana Bay Cinema in partnership with Guy Carpenter! Attendees gained valuable insights into:
What is reinsurance?
Treaty vs. facultative reinsurance
Reinsurance structures & catastrophe modelling
Current market dynamics and more!
Special thanks to our knowledgeable speakers — Sabrina Sprissler, Scott Butler, and Ella Passingham — for sharing their expertise.
We are thrilled to introduce the newly appointed Board of Directors for the CIIA, a group of exceptional leaders dedicated to advancing the insurance industry across our vibrant region.
Our new board members bring a wealth of expertise, innovation, and commitment to shaping the future of insurance in the Cayman Islands. Together, we aim to foster collaboration, champion best practices, and drive impactful initiatives that benefit all stakeholders.
Please join us in welcoming:
Caroline Mills-White, President
Lester Purvis, Vice President
Chris Hind , 2nd Vice President
Yaremis Hydes, Treasurer
Linda Key, Secretary
William (Bill) Hagan, Director
Ricardo Bodington, Director
Jack Leeland, Director
Roger Balkissoon, Director
Tatiana Brown, Director & LISC Chair
Lamar Haynes, HISC Chair
Evelyn Tibbetts, GISC Chair
This marks an exciting new chapter for the CIIA, and we look forward to working together to achieve our shared vision. Stay tuned for updates as we roll out initiatives and programs designed to strengthen our industry and communities.
Here’s to a future of growth, resilience, and innovation!
Scholarship Title: Cayman Islands Insurance Association Scholarship
Provided by: The Cayman Islands Insurance Association (CIIA), Cayman First Insurance Company Limited, & Gallagher Insurance Brokers (Cayman) Limited.
Scholarship Description: The “Cayman Islands Insurance Association Scholarship” will grant a maximum of CI$25,000 to one recipient in total. This amount can spread over a CIG granted scholarship for up to 4 years of study. It is a combined scholarship award with CIIA providing up to CI$25,000.00 to enhance the Cayman Islands Government Scholarship Award. The scholarship will be awarded to one deserving Caymanian who has an interest in the field of insurance and the domestic insurance industry and who may wish to pursue studies in insurance, risk management, actuarial sciences, business administration, or accounting as inter-related fields to insurance.
Status Requirements: Caymanian
Terms & Conditions: Applicant must be vetted and approved for Cayman Islands Government Scholarship Award to be eligible. This scholarship is a “top up” to CIG Scholarship.
Scholarship amount: Up to CI$25,000 in total
Application Opens: In conjunction with CIG Scholarship
Application Closes: In conjunction with CIG Scholarship
To support local and/or overseas study? Overseas Only
Field of Study: Insurance, Risk Management, Actuarial Sciences, Business Administration, Accounting.
Level of Study Supported: Undergraduate
Minimum Educational Qualifications: Must be approved for CIG Scholarship
Essay/personal statement Required? If required by CIG Scholarship
Scholarship Duration: Up to 4 years of study
Application links: Applicants should contact for more info
The Cayman Islands Insurance Association wants to address our community regarding the recent impact of Hurricane Beryl. We understand that this has been a challenging time for many of our residents, and our thoughts are with all those affected by the storm.
As Valentine’s Day approaches, hearts are aflutter with romance and affection. It’s a time when we express our love for one another in various ways, from heartfelt gestures to exchanging tokens of affection. Amidst the roses, chocolates, and candlelit dinners, there’s a deeper aspect of love that often goes unspoken: the commitment to protect and support each other, come what may.
While the idea of discussing life insurance may seem less romantic than a bouquet of red roses, it embodies a profound expression of love and responsibility. Just as we promise to stand by each other through thick and thin in marriage vows, life insurance ensures that our love endures even in the face of life’s uncertainties.
Health insurance plays a crucial role in safeguarding our well-being, and providing financial protection in times of medical need. However, understanding the intricacies of health insurance terms and benefits can be challenging. In this blog post, we will demystify some key concepts, including co-payments, annual wellness benefits, and network providers.
On September 26, 2023, the Cayman Islands Insurance Association (CIIA) hosted an awards luncheon for the insurance industry staff who completed exams in the past 3 years.
Life is a magnificent journey filled with unpredictable twists and turns. While we can’t predict every step of the way, we can certainly take measures to ensure our loved ones are well taken care of, no matter what lies ahead. This is where life insurance steps in, offering a safety net that provides financial security and peace of mind. In this guide, we’ll break down the ins and outs of life insurance, helping you make informed decisions about safeguarding your family’s future.
In today’s rapidly evolving business landscape, the need for a robust insurance policy has never been more critical. Business insurance serves as a critical safety net for entrepreneurs and enterprises, protecting them from unforeseen risks and helping ensure their long-term survival and success. In this blog post, we will explore the significance of business insurance and shed light on the various types of coverage available to safeguard your enterprise.