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Cayman Notification

Notification of Market Withdrawal

 

In February 2019 the sale of Generali Worldwide Ltd to the Utmost Group completed, and continuity of service was provided to both clients and members under the Generali Worldwide brand, maintaining a relationship with Generali. However, this partnership, where Utmost Worldwide Ltd is the Cayman insurer and support services are provided by Generali, is now coming to an end and we therefore regret to announce that Generali and Utmost Worldwide will be withdrawing from the Cayman medical insurance market on 16th September 2021.

 

This announcement has no impact on existing clients, policies or claims that are currently in force. All benefits and services provided through existing policies will continue and members should not encounter any change in their service or experience.

 

Utmost Worldwide is working closely with the Cayman regulators and would like to reassure you that we will be honouring all of our commitments to existing policy holders, and we will be providing the same levels of service that you have come to expect from us.

 

However, we do wish to make you aware of some important information and dates:

 

  • We will cease issuing policies on 16th September 2021. The cover under policies in force at that time will be unaffected and will continue until policy expiry. Similarly, claims will continue to be paid in accordance with policy terms and conditions.
  • Any quotes that we issue, with an inception date no later than 16th September 2021, will be honoured.
  • In respect of renewals, we will continue to offer renewal terms for policies renewing up to and including 16th September 2021.

 

If you have any questions then please do not hesitate to contact your insurance intermediary, or your Generali Worldwide client relationship manager.

 

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