Cayman Islands News

Atlas Management Appoints Leighton Group Managing Director

Atlas Insurance Management, an independent insurance management and consulting company, announced from its headquarters in Georgetown, Grand Cayman, the appointment of Nicholas Leighton as Group Managing Director for the Atlas worldwide operations. He has sixteen years of captive management experience …

Atlas Insurance Management Opens Cayman Island Branch

Atlas Insurance Management, an independent insurance management and consulting company specializing in captives, has announced the opening of an operation in the Cayman Islands. “We are very pleased that the Cayman Islands Monetary Authority approved our license application,” stated Atlas …

Business Moves

U.S. Risk Insurance Opens Irvine, San Diego Offices U.S. Risk Insurance Group Inc. has opened a Irvine, Calif., office and a satellite office in San Diego. Scott T. Carroll has joined the company as vice president and branch manager to …

Liberty Mutual Captive Management Now in Montana, Cayman Islands

Now Montana and the Cayman Islands have something in common: Liberty Mutual Alternative Markets. Over the summer, Liberty Mutual gained approval to establish Liberty Mutual Management (Cayman) Ltd and authorization to manage captives in Montana. With the establishment of its …

HAMPTON TAKES OVER:

Washington, D.C. Mayor Anthony Williams appointed Thomas Hampton as the Acting Commissioner of D.C.’s Department of Insurance, Securities and Banking, succeeding Commissioner Lawrence Mirel, who left recently for private practice after serving in that position for six years. A veteran …

News Briefs

MASSACHUSETTS Sprinkler Opposition: Dozens of Massachusetts restaurants and private clubs are appealing a state mandate in that they install sprinkler systems, arguing that they are being misclassified as nightclubs. The Legislature last year passed a law requiring any club with …

Wilma Weakens (Slightly); Nears Yucatan; Florida Still Under Threat

Hurricane Wilma has weakened slightly as it approaches the coast of Mexico’s Yucatan Peninsula. In its most recent bulletin Miami’s National Hurricane Center said “maximum sustained winds remain near 155 mph (250 km/hr) with higher gusts,” making Wilma a still …

Floridians Prepare for Hurricane Wilma to Make Landfall Sunday; Could Veer Across the Peninsula to Other Coast

Floridians along the southwestern coast of the peninsula are closely watching as Hurricane Wilma slowly move along the southwestern Caribbean. National Hurricane Center forecasters in Miami predict after Wilma crosses Yucatan and the Mexican Peninsula, it could turn back toward …

UPDATE: Wilma “A Catastrophic Category Five Hurricane;” Lowest Pressure Ever Recorded

Hurricane Wilma, the 12th of the season, has become “a catastrophic category five hurricane on the Saffir-Simpson scale” states the latest bulletin from Miami’s National Hurricane Center. In less than 24 hours Wilma, which the NHC described as a Category …

Wilma Forms into Hurricane, Rotating off Coast of Honduras

Wilma, the 21st named storm of the current season, strenthened to hurricane force today with sustained winds in excess of 75 mph (120 km/hr). The storm is still slowly rotating off the coast of Honduras, and hurricane warnings have been …