Cayman Islands: Reinsurance

In this month's Cayman Islands Regulatory 15/15 episode, Chris Capewell, John Dykstra and Ellen O'Brien discuss reinsurance updates, CRS compliance obligations, new AML return requirements for regulated trust companies, CIMA's updated List of Approved Stock Exchanges and recent CIMA notices relating to struck-off entities and non-compliant directors.

Tokenised risk financing is revolutionising the insurance industry by using blockchain technology to represent insurance risks as digital tokens that can be traded by investors. This digital transformation promises to make capital markets more accessible, improve liquidity, and reduce friction in transferring risk, though regulatory frameworks and industry standards are still evolving to accommodate this innovation.

The Cayman Islands Government has announced 1 the Cayman Islands has submitted an application to the US National Association of Insurance Commissioners (“NAIC”) for Qualified Jurisdiction Status (“QJS”).

In this first of a series of pieces on reinsurance financing we break down the key components involved in financing transactions for Cayman Islands reinsurance companies.

Premier and Minister for Financial Services and Commerce, the Hon. André Ebanks has completed an active series of international and local engagements...

The Cayman Islands Monetary Authority (CIMA) set out its approach to group (or consolidated) supervision in a November 2023 regulatory policy update (the Regulatory Policy).

The Cayman Islands Monetary Authority (CIMA) issued eight new insurance licenses in the third quarter. The rate of licensing activity, which remained similar to the first two quarters of the year...

On 23 June 2023, the FATF announced that the Cayman Islands had fulfilled the remaining action item and is now eligible for removal from its list of jurisdictions subject to increased monitoring.

CIMA published yesterday (31 May) a revised rule and guidance addressed to insurers and registered PICs licensed by CIMA that use outward reinsurance.