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 over 45 years. Our Cayman office has 16 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 close to 500 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 264,000 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.
Our Tax Services team provides our clients with the most current knowledge to assist 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.
We provide both traditional and non-traditional services to best meet the needs of re/insurers, ILS firms and captives. We develop customized and practical solutions to a variety of actuarial and risk challenges.
Our global, collaborative network structure allows our actuaries to draw from the expertise of Deloitte professionals in assurance, advisory, predictive modelling and other specialist service lines, enabling us to provide a holistic approach to our clients’ most complex challenges.
Insurance companies present technological and operational risks that cannot be ignored. We provide our clients with customized risk management, technology, and business process solutions.
Deloitte’s Cyber Risk practice is widely acknowledged as the leading security consulting practice worldwide. We help clients develop and implement cyber strategies to protect valuable assets, prevent and respond to threats and attacks in a secure, vigilant, and resilient manner.
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.
Our Cayman Cyber Risk team holds the relevant certifications, including Certified Information Systems Security Professional (“CISSP”), Certified Ethical Hacker (“CEH”), and ISO 27001 Lead Auditor, among others.
Blockchain Advisory Services
Our team offers a suite of Blockchain advisory services to help clients address risks introduced by blockchains and enable organizations to harness blockchain technology for risk and finance use cases.
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.
Anti-Money Laundering (AML) Consulting
We assist clients with many aspects of AML compliance, including designing and implementing AML, KYC and internal audit programs; performing AML readiness and risk assessments; conducting independent testing, GAP assessments, transaction reviews and compliance overviews; providing forensic, fraud, and investigative services, and selecting and implementing information technology solutions.
We assist clients in either a co-sourced or outsourced relationship for conducting internal audits where we follow our global approach to developing risk assessments to determine the overall risk universe of your business, develop internal audit rotational plans, executive the internal audit and report directly to your governance function.
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 clients 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 financial advisors and taking on fiduciary appointments, such as receivers, liquidators, or liquidating agents.
Disaster Recovery, Innovation & Business Continuity
For over 14 years, the ISO 27001-certified Deloitte Resilience and Innovation Centre (“DRC”) has been the premier disaster recovery facility in the Caribbean. Housed at the Citrus Grove Building in Grand Cayman, one of the most structurally sound buildings in the region, the DRC is designed to protect your people, secure your critical systems and data, and maintain the continuity of business operations.
Our services include customized data suites, co-location hosting, secure resilience and innovation workspace, and secure media and document storage. 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.