Cayman business in brief

Record year for Cayman Captive Forum 

The 23rd annual Cayman Captive Forum hosted nearly 1,500 registrants, cementing its place as the world’s largest captive insurance conference. 

Captive insurance industry leaders gathered in the Cayman Islands for three days of informative sessions, exploring key issues impacting the captive industry and in particular, the healthcare market. 

“We had our sights set high to deliver a quality, education-based conference that every delegate could feel that they took something valuable from,” said Cayman Captive Forum chair Erin Brosnihan. 

“We were fortunate to have a roster of the industry’s most well-respected experts and top-notch keynote speakers, all wrapped up with excellent networking opportunities. The feedback has been outstanding and we are already looking at new ideas for next year.” 

At the event, generational expert Jason Dorsey rocked the crowd with his presentation on the social, economic and professional impact of millennials in society. Also known as the “Gen Y Guy,” the keynote speaker provided real-world tips and techniques to better manage millennials in the workforce. 

Michael Bazzell, the forum’s most popular speaker, returned for his third consecutive year. The ex-FBI agent with the Cyber Crimes Task Force, gave his trademark live hacking demonstrations of the types of cyberattacks that are hitting companies all across the globe. 

He used the demonstration to explain that even the captive industry is threatened by cyber risks such as employee targeted email phishing and social engineering, and suggested ways in which companies could protect themselves. 

C&W Business named company of the year 

Cable & Wireless Communications’ subsidiary C&W Business received the 2015 Central American and Caribbean Frost & Sullivan Award for Company of the Year. 

Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in terms of growth strategy and implementation. 

“C&W Business has many processes that operate concurrently in order to continuously unearth customers’ unmet or under-served needs and design relevant products,” said Frost & Sullivan research analyst Ignacio Perrone. “The company’s account managers, service managers, pre-sales engineers, solution architects and customer care centers work together to not only serve clients’ present requirements, but to anticipate technological trends that can solve business challenges.” 

C&W Business’s services include data communications, unified communications, data center services, managed networking, cloud services and business continuity. 

The company operates in Colombia, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Peru, and 21 Caribbean islands, such as Puerto Rico and the Dominican Republic. 

“We are honored and excited to have received the Company of the Year Award from Frost & Sullivan. This recognition further solidifies our leadership in the Central American and Caribbean region for providing a robust product portfolio, excellent customer service and a commitment to first-class solutions that enables organizations to transform their business,” said John Maduri, president, C&W Business. 

Frost & Sullivan’s Best Practices Awards recognize companies in a variety of regional and global markets for outstanding achievement in areas such as leadership, technological innovation, customer service, and product development  

Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research. 

LDM Global appoints director for the Caribbean 

LDM Global has hired Sean Theron to lead its new Caribbean group. The firm provides consultancy to mid-tier law firms around the world, focusing on legal discovery management and computer forensics. 

Mr. Theron has over a decade of experience with data handling and analysis, including eight years of experience specifically in eDiscovery and computer forensics. 

His understanding of potential legal risks in areas related to insolvency will help LDM Global deepen its understanding and offering for the offshore market more widely, the firm said. 

“We’re excited to have a director with Sean’s depth of knowledge,” said LDM Global CEO and President Chris O’Reilly. “Besides his vast experience in eDiscovery, Sean is bringing an array of computer forensics and consulting skills to help clients identify risks and ensure best practices are being followed in all phases of their electronic discovery process.” 

Students receive $4,100 scholarship grant 

Two students at the University of the West Indies Cave Hill campus in Barbados have been awarded the Rik Parkhill Scholarship valued at $4,100 on Dec. 17. 

The scholarship was administered in honor of Mr. Parkhill, who during his tenure – particularly as chairman of CIBC’s Comtrust Foundation – was successful in carrying out pro-bono projects within the community of Bridgetown, in addition to strengthening CIBC FirstCaribbean’s long-lasting Memorandum of Understanding with the University of the West Indies. CIBC initially entered its first MOU with UWI in 2003. 

Mr. Parkill, whose tenure officially ends on Dec. 31, previously worked at the Toronto Stock Exchange (TSX) before joining CIBC in Barbados in 2008. 

“As Rik leaves at the end of this year, our business is much stronger, our financial results have improved, losses are down, and we are well positioned to begin the next phase of our journey to help drive growth,” added Executive Vice President, Retail Distribution and Channel Strategy, Christina Kramer. 

Mr. Parkhill “provided visible leadership to our team across the region and represented CIBC FirstCaribbean very effectively with key stakeholders, including government, media, and our clients.” 

In addition to the latest FirstCaribbean academic initiative, CIBC continues to fund 15 undergraduate and postgraduate students at the University of the West Indies, Cave Hill. Multiple lectures and research grant opportunities are also offered for post-grad students. 

Mr. Parkhill
Mr. Parkhill

Ms. Brosnihan

Ms. Brosnihan