The Cayman Islands Monetary Authority (CIMA) reports that reinsurance assets in the jurisdiction have exceeded US$100 billion, marking a significant increase from the US$23 billion recorded six years ago. According to 2025 insurance statistics published by CIMA, the number of reinsurance companies in the Cayman Islands has grown to 113, up from 58 in 2020. Total premiums in the sector have risen to US$30.2 billion, compared to US$9.3 billion six years prior. The data indicates that approximately 90 per cent of the jurisdiction's reinsurance business originates from the United States and Canada. Cayman Finance attributes this growth to a shortage of US domestic reinsurance capacity and the jurisdiction’s ability to efficiently attract international capital. The domicile is currently home to an increasing number of reinsurance platforms sponsored by global asset managers and private equity groups. The jurisdiction utilises a principles-based, risk-sensitive regulatory framework aligned with International Association of Insurance Supervisors (IAIS) standards. Reinsurers must meet minimum capital requirements for licensing and risk-based prescribed capital requirements, which are calibrated to a 99.5 per cent confidence level when internal models are utilised. Brittany MacVicar, associate director for insurance and reinsurance at Cayman Finance, says: “The latest figures reinforce the rapid growth we’re seeing across the reinsurance sector in Cayman. The jurisdiction has become a domicile of choice for international reinsurers seeking an efficient, well-regulated jurisdiction with English common law certainty and a deep bench of specialist expertise.” MacVicar adds: “As the global insurance protection gap continues to widen, Cayman is well-positioned to play an increasingly important role in channelling international capital to meet growing demand for insurance and reinsurance capacity. Cayman combines regulatory flexibility with robust oversight, tax neutrality and proximity to the US market with access to global capital.”
