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In this second part of our series on insurance financing, we break down the conditions precedent (CPs) process in financing transactions involving Cayman Islands insurance/(re)insurance companies.

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.

Onsite inspections are a key supervisory tool employed by the Cayman Islands' financial services regulator, the Cayman Islands Monetary Authority (CIMA), to monitor regulatory compliance and assess the soundness of regulated entities including insurers