Cayman Islands: Insurance Laws and Products

Legal teams, capital teams, and actuarial professionals face distinct challenges when analyzing netting and set-off provisions in segregated cell structures. The statutory ring-fencing regimes in Bermuda and Cayman Islands create complex interactions with contractual netting language that require careful legal analysis to ensure proper attribution, recourse, and enforceability across cell boundaries.

The Cayman Islands government has announced its intention to pursue Qualified Jurisdiction status under the US National Association of Insurance Commissioners framework, a move that could fundamentally reshape the jurisdiction's position in the global reinsurance market. This development carries significant regulatory, reputational, and commercial implications for Cayman's growing offshore reinsurance sector and its relationship with US insurance markets. The application process represents years of legislat

The Cayman Islands Monetary Authority has released its 2026 Thematic Review examining compliance practices at Class B(iii) and Class D licensed reinsurers, revealing that corporate governance weaknesses represent 68% of all findings.

Welcome to the Winter edition of our Conyers Coverage newsletter. As always, we are pleased to bring you a jam-packed edition with timely legal and regulatory insights and details on industry developments from the Cayman Islands.

Are you or your client considering writing third party (re)insurance business within a Cayman Segregated Portfolio Company insurer (SPC) and currently debating whether a segregated portfolio ("Cell")...

The old saying that "Independent Directors are like parsley on a fish: technically they are there, but they are largely decorative" is now very much defunct in the context of the Cayman...

A warm welcome to the Summer edition of Conyers Coverage. The whirlwind that is the Cayman Islands (re)insurance industry continues to blow with gusto! To keep you updated on recent developments...

It has now been over a year since the updated Enforcement Guidelines: Economic Substance (the "Guidelines") were issued on 31 March 2023...

In light of the influx of life & annuity reinsurers on-island, we thought it useful to provide a refresher on the role of the appointed actuary and peer reviewing actuary ("PRA")...