The Cayman Islands has thrown down the gauntlet to Bermuda – stating that they are actively looking to attract the reinsurance industry with immigration incentives and a targeted marketing campaign focusing on the Island's reinsurers.This according to the Cayman's Premier McKeeva Bush who announced the plan at the Cayman Captive Forum, which drew attendance of 1,200 delegates.According to a report in the Cayman Free Press, incentives include ten-year work permits for senior executives (vice president or higher), flat or reduced work permit fees and a waiver for normal work permit application requirements.Premier Bush also called for direct one-on-one marketing to reinsurance CEOs and senior executives as well as to law firms both in New York and in “other financial centres” to bestow the benefits of domiciling in Caymans over Bermuda.“Anecdotal evidence from the industry suggests that as a jurisdiction Cayman has several advantages that we can capitalise on to attract greater interest from reinsurance companies,” Mr. Bush said.The article also states that the Cayman Islands have always been keen on attracting reinsurance companies to their jurisdiction but until now, there hasn't been any “concrete immigration incentives to attract the industry”.