Cayman Islands: Insurance Laws and Products

The Cayman Islands has set an ambitious Q2 2025 deadline to submit its application for Qualified Jurisdiction Status to the NAIC, marking a pivotal moment in the jurisdiction's reinsurance evolution.

This edition of Conyers Coverage examines critical regulatory developments affecting Cayman Islands insurers, including the Legal Services Act's implications for insurance managers and in-house counsel, CIMA inspection trends, and evolving AML and beneficial ownership requirements. The newsletter also explores the growing market for funding agreements and analyzes key conditions precedent in financing transactions involving Cayman reinsurers, while highlighting findings from the Society of Actuaries report

The Cayman Islands international insurance and reinsurance sector experienced significant growth in 2025, ending the year with 720 Class B, C, and D licensees...

In a recent market briefing delivered to the Cayman Islands' (re)insurance industry, global credit ratings agency AM Best announced its proposal to change its criteria for rating cell companies...

Conyers has recently seen a significant increase in the use of trusts in the structuring of insurance transactions entered into by Cayman Islands licensed insurers...

This country-specific guide to litigation funding in the Cayman Islands focuses on the legal and regulatory framework, adverse costs and insurance, lawyer ethics, and taxes.

All persons carrying on or desiring to carry on insurance business (including reinsurance business) in or from within the Cayman Islands...

A warm welcome to our latest edition of Conyers Coverage. It's been a dizzying year to date for the Cayman Islands (re)insurance industry, so it's time for some updates and insights.

The Cayman Islands Monetary Authority ("CIMA") recently issued an updated Regulatory Policy on Consolidated Supervision (the "Policy"). The Policy expands on an earlier version...