Cayman Islands: Insurance Laws and Products

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

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.

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.

A warm welcome to this 12th edition of Conyers Coverage to kick off 2025. Now that the dust has settled, our team is reflecting on another exceptional year for the Cayman Islands (re)insurance industry in 2024.

In October 2024, the Cayman Islands Monetary Authority (CIMA) issued an updated Regulatory Policy on the Recognition and Approval of an Actuary (the "Policy")...

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...

The introduction of the MDRs is part of the Cayman Islands' commitment to adopting OECD-style Model Rules.

The Cayman International Reinsurance Companies Association (CIRCA) has announced the launch of its inaugural conference, ReConnect, taking place 18-19 April 2024 at the Ritz-Carlton, Grand Cayman.

The Cayman Islands Monetary Authority (CIMA) issued 41 new international insurance licenses in 2023 – the largest number of licenses issued in a single year in more than a decade.