Kensington Management Group, Ltd. (“Kensington”) was formed in 1999 and has now grown to be the leading independent insurance management company in the Cayman Islands, managing a diverse portfolio of single parent and member-owned group captive insurance companies. These programs write annual premiums in excess of $800 million dollars and service the needs of more than 2,200 corporate and institutional clients. This portfolio includes 6 of the top 10 largest group captive entities in the world (as rated by Business Insurance).
Kensington is a full service management firm, providing the complete range of management and advisory services, including but not limited to: captive feasibility studies, license applications, captive formation, government/regulatory reporting and liaison, cash management, accounting, investment portfolio coordination, registered office and corporate secretarial functions.
Kensington has developed strong relationships with other well-respected service providers both in the Cayman Islands and overseas, with a view to ensuring that the captive program provides a high quality product, and that all service providers involved in the program are first class in their respective fields. This includes policy issuing carriers, insurance brokers, risk control consultants, claims administration services, banking facilities, as well as actuarial, audit and legal firms.
See the About Captives page for more information on the Role of the Insurance Manager.
About Captives Introduction
The global insurance industry is a highly competitive and cyclical market. It is influenced by a number of factors including economic activity, financial market conditions, claims settlement trends, industry capacity and catastrophic events. As a result, companies seeking conventional coverage can encounter issues relating to affordability, availability and suitability.
This volatility in the traditional insurance industry has prompted many insurance buyers to seek alternatives, one of which is captive insurance. Despite its maturity, the captive insurance industry continues to evolve, with buoyant growth in the number of captives and their range of uses.
Owners of captive insurance companies enjoy far greater long-term control over their insurance destiny, as well as the potential for financial gain. Kensington is one of the leading insurance managers in the Cayman Islands and can provide the necessary information and professional assistance required to start your own captive and achieve a more stable arrangement to service your insurance needs.
The Right Choice for Captive Insurance Management in the Cayman Islands
A full service Insurance Management Company, with an emphasis on client service and long-term relationships, Kensington is on of Cayman’s leading Captive Managers.
Take Control of your insurance destiny
