William M. Cassetta of Honigman Miller Schwartz and Cohn LLP Recognized by the Cayman Islands Government for his Local Captive Insurance Work
January 1, 2002William M. Cassetta of Honigman Miller Schwartz and Cohn LLP, was one of three businessmen recently recognized as a major contributor to the Cayman Islands local captive insurance industry at the IBC's 7th Annual Executive Forum on Captives. The event was attended by over 200 insurance industry executives. The presentation was made by the Hon. Financial Secretary, George McCarthy. Mr. McCarthy expressed his appreciation for the ongoing support of the Cayman's insurance industry by stating, "The Cayman Islands Government is well aware of, and appreciates the fact that in an increasingly competitive global market, there are many viable options available to the astute investor. Therefore, we value the confidence that you have placed in our jurisdiction, evidenced by the sustained, successful partnership that you have developed with our local insurance community over the years." In October, Mr. Cassetta was also one of three individuals recognized on behalf of the Cayman Islands for his expertise, knowledge, and the ability to explain complicated issues in a way that facilitates decision-making at the 2001 American Society for Healthcare Risk Management's Annual Conference and Exhibition. The Chairman of the Cayman Insurance Managers Association, Tom Clark, explained that they have been instrumental in advising their clients regarding the formation and ongoing operation of their Cayman Islands captives over the past 20 years. The Cayman Islands is the second largest domicile for captives and the leading jurisdiction for healthcare-related captives.