Cayman Islands: Reinsurance

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...

The release of the Society of Actuaries Research Institute’s Report on the International Reinsurance Landscape for U.S. Life & Annuities has provided a timely, independent affirmation of what many of us in the reinsurance market have observed: the Cayman Islands has become an indispensable and legitimate international reinsurance domicile for U.S. life and annuity writers.

Arguably the most notable takeaways from the [Re]Connect conference were the updates on the positive progress the Cayman Islands has made in its quest toward (hopefully) making a formal application to secure Qualified Jurisdiction (QJ) status with the NAIC.

Members of our Insurance team recently attended [Re]Connect, the first ever dedicated reinsurance conference held in the Cayman Islands. No surprise, it was a great success...

The first dedicated reinsurance conference in the Cayman Islands was by every conceivable metric an incredible success.

We're starting the New Year with a focus on new technology in insurance.

The Cayman Islands Monetary Authority ("the Authority") recently published a Private Sector Consultation Paper with a draft Rule and Statement of Guidance...

A very warm welcome to our fifth issue of Conyers Coverage.