CAPTIVE INSIGHT
CAPTIVE INSIGHT
PROFILES ERIN
BROSNIHAN,
CHAIRPERSON OF THE
INSURANCE MANAGERS
ASSOCIATION OF CAYMAN
As the Insurance Managers Association
of Cayman adopts new branding for
international marketing as Cayman
International Insurance, it’s the same
organisation working behind the scenes
to represent the interests of the industry.
IMAC Chair Erin Brosnihan speaks to
Captive Insight.
With close to two decades of experience in
the Cayman captive insurance industry, Erin
Brosnihan has a useful perspective of why
Cayman has been such a success story in
alternative risk markets, as well in facing the
newer challenges of increased regulation in a
competitive environment.
As the 20th chairperson of the Insurance
Managers Association of Cayman (IMAC), Erin
is also keenly aware of the special role IMAC has
played in this development, providing a shining
example to other industry associations of the
value of true collaboration and working together
for common goals. While she represents
Kensington Management Group, and has done
since she joined in 2001, IMAC prides itself on
its ability to put the industry and the jurisdiction
first, regardless of corporate rivalry.
“We all want to generate business for our own
companies, but we also recognise that the
success of the domicile is critical to each of us.
So it’s important that we work together and
stand behind a consistent message to promote
the qualities and strengths of our jurisdiction,“
she said.
Another key dimension of the organisation she
intends to carry on, since starting her two year
term in January 2018, is the important work of
the various IMAC committees, which provide an
excellent way for member companies and their
employees to get involved in various industry
activities in line with their particular skill set.
“Some individuals are highly skilled at reviewing
regulations and contribute in that way, while
others have a talent and flair for planning
fundraising events,” Brosnihan says. She adds
that in addition to the 29 full members of the
association, significant support also comes
from the group’s associate members, stemming