Paul Macey, president at USA Risk Group, tells us how life has changed since the Cayman Islands went into lockdown as a result of the COVID-19 pandemic. He talks to us about his daily routine while working from home, the positive and negative impacts of this change and his opinion on what lies ahead for the captive insurance industry. He has have over 40 years of experience in the insurance industry; the last 30 of which have been in Cayman, managing all forms of insurance and reinsurance companies.
With less than two weeks to go, the USA Risk Group team is looking forward to attending the 2018 VCIA Annual Conference in Burlington, Vermont. There's still time to register for this captive industry event where all the key players will be going.
Change is coming. Following one of the most disruptive and costly natural catastrophe seasons in history last year, insurance buyers will likely experience rate increases for 2018. Risk managers and brokers can prepare by knowing the rate ceiling for a company, developing an up-to-date risk profile to present to carriers at renewal and evaluating alternative risk transfer options.