Cayman Islands: Insurance Laws and Products

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 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...

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")...