An outpouring of corporate support has sent Erica Powell to study BS in Early Childhood Education at Florida International University and Tiffany Rankin to study Forensic Science at the University of Tampa.  The IMAC Board and Scholarship Committee extend gratitude to the following companies and organisations that have contributed generously to the Fund, making it all possible:

American Group Surety

Associated Long Term Care

Atlantic Northern Insurance Company

Avon Insurance Company

Churchill Casualty Limited

C- Line Products

Coast to Coast Insurance

Family Food Products Inc

Gallagher Bassett

Hartville Re

Howard University Capitol Insurance

Innershield Ltd

Insurance Managers Association of Cayman

Kane (Cayman) Ltd

Kensington Management

Marylou Miller

MBS Insurance Ltd

Munder Capital Management

PwC

Royal Bank of Canada

Scott and White Assurance Ltd

Sitnal Insurance Company (Cayman) Ltd SPC

SSMHC Insurance Company

Stephen Price

Supply One

Twickenham Insurance Company

Wells Fargo

Westside Insurance Company

The largest donation of 2013 came from Churchill Casualty Ltd, a Cayman-domiciled captive insurance company, which celebrated its 20th anniversary this year.  To mark the milestone in a meaningful way, the Board of Directors elected, on the advice of its insurance manager, Kensington Management Group Ltd, to donate US$20,000 to the IMAC Scholarship Foundation.

In support of their client, Kensington Management supplemented the gift with an additional US$10,000, which then sparked Churchill’s other service providers and shareholders, including Gallagher Bassett, C-Line Products Inc,, Supply One Inc., and Family Food Products  to join in adding a further $ 20,000.

The IMAC Scholarship Foundation which was formed in 1994 has seen 4 students graduate from overseas universities this calendar year. The Fund receives from IMAC, the profits of the annual Cayman Captive Forum, the largest offshore Captive Insurance Conference in the World.

Visit the new IMAC website at www.imac.ky for the latest information on the scholarship fund, as well to view a library of information on Cayman’s captive insurance industry. “Like” the Facebook page to stay informed of all IMAC’s activities.

Insurance Managers Association of Cayman (IMAC) is a non-profit organisation run by the insurance managers of the Cayman Islands.  In operation since 1981, IMAC’s aim is to act as both regulatory liaison with the Cayman Islands Government and to promote the Cayman Islands as a domicile of choice for captive insurance companies.

IMAC hosts the world’s largest captive insurance conference, attracting 1,400 captive managers, service providers and directors annually.

For more information on IMAC visit www.caymancaptive.ky.