The Cayman Islands combines a robust operating environment with an attractive quality of life to cement itself as a leading jurisdiction for the formation of reinsurance companies. Leveraging its long and successful history as a leading financial centre, the Cayman Islands continues to attract a growing number of reinsurance companies to its shores.
Well known as the world’s leading hedge fund centre and the number two domicile for captive insurance companies, the development of the commercial reinsurance industry in the Cayman Islands was a natural progression for the financial services industry.
Cayman Reinsurance by the numbers.
The Cayman Islands’ Financial Services industry is valued at approximately US$ 5 trillion
With 680 International Insurance licenses, Cayman is #2 worldwide
Growth: 50 Reinsurers and US$25 billion Reinsurer Asset Growth in past 3 years
Memorandum of Understanding with NAIC
The Cayman Islands Government has enacted Tax Information Exchange Agreements (TIEAs) with 36 global partners
Politically stable jurisdiction with 95%+ employment
Tax neutral jurisdiction committed to cooperation with OECD, EU and US
Global Reinsurance Domicile: Counterparties from US, Asia and Europe
Cayman Islands Insurance Licences.
Class A Insurance Companies
Class B Insurance Companies
Class C Insurance Companies
Class D Reinsurance Companies
International Insurance Companies.
Class D Insurance Companies
Class D Insurance Companies Total Premium
Total Reinsurance Companies
Reinsurance Companies Total Premium
Reinsurance Companies Total Assets
Types of Reinsurance in the Cayman Islands.
Life/Long Term Reinsurance
Life and Annuity
Pension Risk Transfer
Funding /Capital Redemption Agreements
Non Life Reinsurance
Property & Casualty
Insurance Linked Securities (“ILS”)/Collateralized Re
CIRCA is the industry group for commercial reinsurers located in the Cayman Islands, dedicated to fostering the industry through peer interaction, advocacy and education on topics impacting the regulatory and business environment.