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The Cayman Islands international insurance and reinsurance sector experienced significant growth in 2025, ending the year with 720 Class B, C, and D licensees, US$51 billion in premiums, and US$176 billion in total assets. Reinsurance specifically surged to 113 companies with US$101 billion in assets, marking a 341% increase in assets since 2020.
Key 2025 Cayman Insurance & Reinsurance Statistics:
- Total Licensed Entities: 720 (Class B, C, and D)
- Total Assets: US$176 billion (US$101 billion within the reinsurance sector)
- Total Premiums Written: US$51 billion (with US$30.2 billion attributed to reinsurance)
- New Licenses: 42 new international insurance companies licensed by CIMA in 2025
- Reinsurance Growth: Number of reinsurers grew from 58 in 2020 to 113 by year-end 2025
- Composition: 19 new Class B(i) (single-parent) and 19 new Class B(iii) (third-party) licenses were issued, along with 2 Class C and 2 Class D licenses
- Source of Business: Approximately 90% of reinsurance activity originates from the US and Canada
The industry’s expansion is driven by a robust regulatory framework, deep professional expertise, and a business-friendly ecosystem contributing to a record-setting year for new licenses.
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