The Cayman International Reinsurance Companies Association (CIRCA) held its second annual Cayman Islands Reinsurance Roundtable Breakfast at the Harvard Club of New York City, drawing 200 delegates from seven countries.
The event was part of a week of meetings in New York that included discussions with media, industry representatives, government officials, and regulators.
The Roundtable Breakfast, organized in partnership with Cayman Finance and the Insurance Managers Association of Cayman (IMAC), focused on Cayman’s role as a reinsurance center and provided a platform for dialogue on US regulatory engagement, global market trends, and innovation opportunities.
Premier Hon. André Ebanks, MP, delivered the keynote address, reaffirming the Government’s commitment to Cayman’s goal of achieving National Association of Insurance Commissioners (NAIC) Qualified Jurisdiction Status and strengthening cross border supervisory cooperation.
“The pursuit of Qualified Jurisdiction Status is a national effort,” Premier Ebanks said. “It requires alignment across government, regulator, and industry. By working together, we can demonstrate that Cayman meets the highest international standards.”
Cindy Scotland, OBE, chief executive officer of the Cayman Islands Monetary Authority (CIMA), provided a regulatory update that addressed global trends affecting Cayman’s reinsurance sector, including climate change, digitalization, cybersecurity, and ESG. She described CIMA’s approach as one that balances oversight with industry consultation.
Greg Mitchell, chair of CIRCA, and Kieran Mehigan, chair of IMAC, gave opening remarks, while Steve McIntosh, CEO of Cayman Finance, served as master of ceremonies.
“This Roundtable strengthens understanding, reinforces Cayman’s value, and helps counter misconceptions,” Mitchell said.
The Cayman Islands continues to grow its reinsurance sector, issuing 21 reinsurer licenses in the first half of 2025. This activity reinforces Cayman’s position as a leading domicile for new market entrants and highlights the jurisdiction’s appeal to international reinsurance companies.
The Cayman Islands has also taken steps to update its legislative framework, with lawmakers advancing bills focused on virtual assets and anti-money laundering (AML). These measures are intended to strengthen the jurisdiction’s regulatory environment and ensure continued alignment with evolving global standards.
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