The Cayman Islands Monetary Authority (CIMA) issues six new international insurer licences between April and June 2026, all of them class B(i), alongside three portfolio insurance companies (PICs). The figures are reported by the Insurance Managers Association of Cayman (IMAC) following the release of CIMA's second-quarter licensing statistics. The additions bring the total number of new international insurance licences issued in 2026 to 20, meaning 14 were granted during the first quarter. CIMA confirms that a further 17 licence applications are under review. By comparison, 41 new international insurance licences were issued across the whole of 2025. Cayman is now home to 721 class B, C and D insurance companies, collectively writing approximately US$61 billion in premiums and holding total assets of approximately US$190 billion. The figures represent an increase of US$10 billion in premium and US$14 billion in total asset value on the first quarter. Class B(i) licences are issued to insurers where at least 95 per cent of net written premiums originate from the licensee's related business, the category covering single-parent captives. IMAC says the continued expansion of class B(i) insurers reflects Cayman's strength as a preferred domicile for single-parent captive formations and reinforces the jurisdiction's position as a leading international insurance centre. James Trundle, IMAC chair, says: “These figures demonstrate the ongoing strength and diversity of Cayman's international insurance industry and showcases the jurisdiction's appeal for a wide range of captive and reinsurance structures. It is indeed encouraging to see the continued growth in new insurance licence activity during the first half of 2026.” Trundle also encourages industry participants to attend the 2026 Cayman Captive Forum, which takes place from 1 to 3 December at The Ritz-Carlton, Grand Cayman. IMAC represents the international insurance industry in the Cayman Islands, liaising with government and the regulator on the industry's behalf. The association describes Cayman as one of the largest captive domiciles in the world and a dominant jurisdiction for healthcare captives, group captives, catastrophe bonds and international reinsurance.
