Cayman Islands: Reinsurance

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.

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.

The significant growth in life & annuity reinsurance in the Cayman Islands has showed no signs of slowing in the past few years and a material ingredient of this growth...

Continued growth in the industry, confidence in the jurisdiction, and economic substance factors have seen a number of leading reinsurers establish or expand their physical presence in the Cayman Islands over the past year.

Continuing the Cayman Islands' efforts to keep international stakeholders updated on the strength of our regulatory and commercial framework for financial services, the Deputy Premier, the Hon. André Ebanks MP is leading delegations to the UK and EU, and then to the US, during September.

The Cayman Islands recently introduced measures to further improve its technical compliance with the 40 Financial Action Task Force...

The Insurance Act amendment is intended to strengthen the Cayman Islands' position in international reinsurance and domestic insurance.

The Cayman Islands insurance and reinsurance sector continues to be a jurisdiction of choice for entities reinsuring risk from the USA.