Cayman Islands Insurance

In addition to being among the top five financial centers in the world, the Cayman Islands has advantages which place it ahead of any other offshore financial center in the world and demonstrate its choice as headquarters for Bastion Life.

For clients of insurance companies such as Bastion Life, the Cayman Islands’ Segregated Portfolio Legislation affords a degree of protection and security that surpasses that of all other financial centers, both onshore and offshore. 

Insurance Law (as revised), in conjunction with the Companies Law (2004 Revision), entitles an insurance company established as an Exempted Segregated Portfolio Company to separate, in individual cells, each policyholder's account.  This provides protection from the liabilities of other policyholder cells.

Cayman Islands law requires that all premium payments be used for no purpose other than the insurer's insurance business, except for payments made from an actuarially calculated and verified surplus.