The Cayman Islands has reported continued momentum in its international insurance sector, with 16 new licences granted in Q2 2025, according to the latest statistics from the Cayman Islands Monetary Authority (CIMA). Between April and June, CIMA approved nine Class B(i) captive insurers, six Class B(iii) reinsurers and one Class C insurer. These follow five licences issued in Q1, bringing the total number of new international insurance entities in the first half of the year to 21. CIMA also confirmed that a further nine applications have been approved in principle, while 14 more remain under review. If all are finalised, 2025 could see up to 44 new licences granted — potentially surpassing the 42 licences recorded across all of 2024 and setting a new annual high for the jurisdiction. As of the end of Q2, the Cayman Islands is home to 712 active Class B, C, and D insurance companies, collectively writing approximately US$41 billion in premiums and managing more than US$152 billion in assets. These figures exclude individual segregated portfolios, indicating that the overall level of activity is even higher. The data reflects ongoing demand for Cayman as a domicile for single-parent captives, group captives and commercial reinsurers, reinforcing the jurisdiction’s role as a global centre for alternative risk transfer. The Insurance Managers Association of Cayman (IMAC) will provide further updates on market trends and developments at the Cayman Captive Forum, scheduled to take place from 2–4 December 2025 at The Ritz-Carlton, Grand Cayman.
