Captive services strengthened by Deutsche Bank
The experts at Deutsche Bank claim that the Cayman Islands is the fastest growing captive insurance offshore jurisdiction offering a dynamic and competitive background to conduct business for banking and investment solutions.
According to Janet Hislop, Head of Institutional & Intermediary Business, Deutsche Bank (Cayman) Limited, it is natural that the Cayman Islands financial services industry has been proud of its efficient adaptability to changing market conditions, finding solutions aimed to enhance capabilities and services necessary to Cayman’s corporate and institutional investors.
It has been previously announced that Deutsche Bank has earned the award as the best private bank in the Cayman Islands in the Euromoney private banking survey in January 2007, which is important for Deutsche Bank (Cayman) Limited, Deutsche Bank’s fully owned subsidiary, which has been successfully serving customers in Cayman since 1983.
Now the bank has launched its enhanced captive insurance services to more than 50 industry professionals. In order to assist the professionals with the launch, senior bankers from the Deutsche Bank group visited the Cayman branch.
Janet Hislop said that Deutsche Bank had recently invested significant resources to enhance and expand its captive insurance solution. Now it has an offering aimed at working more closely with captive insurance managers to tailor solutions for their customers.
In accordance with Jean-Claude Emard, Regional Country Head, Deutsche Bank (Cayman) Limited, a successful franchise has been already built in Cayman, and now the bank is looking to grow its captive insurance business.
The services include hedge fund management, fixed income and structured notes as well as many others.