We provide Assurance and Tax services to insurance captives of a diverse set of US and non-US parent entities or groups.
Our firm and services
Deloitte in the Cayman Islands
Deloitte has been serving the Cayman Islands’ financial services industry for more than 40 years. Our Cayman office has 14 partners and 150 professionals, with a separate team of specialists dedicated to serving the Insurance industry.
Deloitte in the Caribbean and Bermuda Countries (CBC)
Deloitte CBC serves the English-speaking Caribbean from offices in the Bahamas, Barbados, Bermuda, British and United States Virgin Islands, Cayman Islands and Trinidad & Tobago. We have over 550 professionals in the region, who share a single focus: to help clients navigate their business challenges and achieve success.
Our Insurance professionals in the CBC region have diverse backgrounds, extensive knowledge and expertise in assisting companies with a broad array of insurance and re-insurance matters. Our service offerings are comprehensive, scalable and aligned with client demand.
Deloitte’s regional and global networks allow us to draw on the intellectual capital and world-class capabilities of over 260,000 professionals, all committed to providing the highest standard service to our clients.
Our dedicated team of local Audit professionals performs financial statement audits of a diverse portfolio of captive insurance entities. We have direct access to and relationships with actuarial professionals through the Deloitte network.
Tax regulations surrounding the captive insurance industry can be daunting. Our Tax Services team provides our clients with the most current knowledge and professionalism to assist them in identifying and resolving critical issues. Our Tax professionals provide tax advisory and compliance services relating to US income taxes for US taxable insurance captives or captives with tax-exempt parents.
Insurance companies present technological and operational risks that cannot be ignored. We provide our clients with customized risk management, technology, and business process solutions.
Cyber Security Services
Deloitte’s Cyber Risk practice is widely acknowledged as the leading security consulting practice in the world and is eminently qualified to help clients respond to evolving cyber threats in a secure, vigilant, and resilient
- Secure. Enabling enterprise business innovation by protecting critical assets against known and emerging threats across the ecosystem.
- Vigilant. Reducing detection time and developing the ability to detect the unknown.
- Resilient. Strengthening your ability to recover when incidents occur.
Our Cayman Cyber Risk Services team holds the relevant certifications including Certified Information Systems Security Professional (“CISSP”), Certified Ethical Hacker (“CEH”), Certified Information Privacy Manager (“CIPM”), Certified Information Privacy Technologist (“CIPT”) and CompTIA Security+.
We work hand-in-hand with our clients to plan and execute an integrated cyber approach to harness the power of information networks, in order to enhance business operations, increase mission performance, and improve customer support, without compromising security or privacy.
Anti-Money Laundering (AML) Consulting
We assist clients with many aspects of AML compliance, including performing risk assessments and compliance overviews, providing forensic, fraud, and investigative services, and selecting and implementing information technology solutions.
M&A and Valuation Services
Bringing organizations together through mergers and acquisitions, or carving them out through separations and divestitures, are among the most complex business activities an insurance company will ever undertake and we can advise throughout the entire M&A deal lifecycle-conceiving strategy, determining transaction value, selecting the right partner, conducting thorough due diligence and closing the deal. From beginning to end, we align our services to address your transactional and integration needs, all with the goal of building value for you.
We provide insight and fact-finding to help insurance companies investigate and analyze the integrity of their business operations.
Our clients draw on our skills to help conduct independent internal investigations as well as to assist counsel with entities or individuals that are the subject of regulatory investigations or criminal or civil litigation.
Analytic & Forensic Technology Consulting
We provide a range of systems and strategies to help insurance companies prevent fraud and operate more efficiently, including financial disbursement fraud detection and prevention, systems for customer relationship management (CRM), records and document management, and electronic discovery in support of regulatory investigations or litigation.
We work with insurance companies as they develop strategies designed to return value to stakeholders. Our services include: acting as examiners or financial advisors and taking on fiduciary appointments, such as receivers, liquidators, or liquidating agents.
Disaster Recovery & Business Continuity
Deloitte wholly owns and manages the Disaster Recovery Center Limited (“DRC”) to serve our Cayman and Caribbean based clients. The DRC provides a range of services to protect people, IT systems, and data. This includes data hosting, secure tape and document storage, and recovery seating for disaster events. All of these services are performed from our Citrus Grove location in George Town—which is one of the strongest buildings on the Island (including being the base of operations for the 911 communications center). Our goal is to be the IT infrastructure provider of choice for professional firms, and our clients range from smaller companies to multi-national organizations with significant technical and security requirements. We are a vendor- and telecommunications-neutral facility, and have connectivity options from all of the on-island telecoms companies.