Captives Launch Cayman Relief Effort

NU Online News Service, March 2, 4:26 p.m. EST?Captive insurers have initiated a fundraising and re-building effort to help the Cayman Islands, which are still struggling to recover from last year's Hurricane Ivan damage.[@@]

CRICO, the Harvard Medical Institution's captive, and the Insurance Managers Association of the Cayman Islands announced they have established a fund to help Cayman and they invite the entire captive industry to contribute. So far $200,000 has been raised?the goal is $1 million in 2005, the organizations said.

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