The Cayman Islands’ international insurance sector is already showing robust growth in 2026, with new licensing figures pointing to sustained confidence in the jurisdiction.
According to the Cayman Islands Monetary Authority (CIMA)’s Q1 licensing statistics, it issued 14 new international insurer licences in the first quarter of 2026.
This was significantly higher than the five licences granted in the same period last year.
The new licences included six Class B(i)s, seven Class B(iii)s and one Class C, bringing the total number of licensed Class B, C and D insurance companies in Cayman to 722.
They collectively write about US$51 billion in premiums and hold an estimated $176 billion in total assets.
Cayman closed 2025 with a total of 720 Class B, C and D companies, and 2024 with 697, according to CIMA statistics.
Four portfolio insurance companies were also approved from January to March.
Growth in reinsurance is emerging as a key driver, with the Class B(iii) category attracting new entrants to the jurisdiction.
The Insurance Managers Association of Cayman (IMAC), which represents the islands’ international insurance industry, welcomed the figures in a press release on 27 April.
IMAC chair James Trundle pointed to the recent ReConnect conference as evidence of strong industry momentum, with the event drawing more than 675 attendees.
“It is encouraging to see the increase in new licensees during the first quarter of 2026. Cayman remains well positioned, supported by a vibrant international insurance industry,” he said.
Trundle also highlighted a potentially significant regulatory development, noting that Premier André Ebanks announced the jurisdiction’s intention to pursue Qualified Jurisdiction status.
“This is a positive step that could further support growth in new licences by enhancing Cayman’s attractiveness to international insurers and reinsurers – particularly those seeking efficient access to key markets,” he said.
Trundle said the industry is looking forward to the Cayman Captive Forum, taking place from 1 to 3 December, which will once again showcase the jurisdiction’s strengths.
