Diamond Insurance Ltd. (Diamond) was created in 2019 to enable commercial trucking companies to obtain adequate insurance coverage at affordable rates and to be treated as a partner in the overall risk management process. The founders of Diamond perceived that the commercial insurance industry was not responsive to this basic commercial necessity. The Cayman Islands were selected as the domicile because of the offshore, on-island services available. The close proximity to the United States, English Law and a stable political setting were also factors.

Diamond believes that its management strength lies in its strong individual involvement by shareholders during semi-annual board meetings. It is anticipated that committees will be established and that the Board will rely on the recommendations of these Committees to establish policies. Day-to-day management will be provided by Diamond’s licenses off-shore Insurance Manager. New shareholders will be recommended through the New Member Committee and the Executive Committee, which will need to be established.