The world's local bank
HSBC Bank (Cayman) Limited is a leading manager of captive insurance companies in the Cayman Islands.
The principal reasons for our foremost position as a captive insurance manager include:
- The confidence that comes from working with a member of HSBC Group, one of the world’s largest financial services organisations, with offices in 84 countries and territories offering a full range of personal, commercial, corporate and investment banking services.
- A strong reputation for providing an efficient, professional, friendly and cost-effective service, with a high percentage of business coming from referrals by existing clients and their professional advisers.
- Our extensive experience, as a result of being involved in the management of captives for over 19 years and working with a broad range of insurable risks and products, including Casualty, Credit Life, General Liability, Healthcare, Products Liability, Professional Liability, Workers Compensation and Catastrophe Bonds.
- Our continuing financial independence from any major insurance broker in the U.S. insurance market, while enjoying excellent relations with a large network of brokers.
- The flexibility that comes from our being part of the HSBC Group and also from our local Banking, Trust and Mutual Funds experience.
We provide a wide range of captive management services, which can be adapted to suit individual client’s needs, including:
- Assistance with preparation of a feasibility study
- Preparation of the licence application
- Registration and incorporation of the captive
- Preparation of accounts and any other required financial analysis
- Supervision of audit completion
- Arrangement of Board meetings and meeting materials
- Day to day correspondence with regulators and all other service providers
- Maintenance of corporate and statutory records
- Provision of banking and custodial facilities
