Since the early 1970s, the Cayman Islands have been blazing the
trail for the development of the captive insurance and the
alternative risk transfer industries. By providing robust yet
familiar corporate structures for captive insurance companies,
enacting progressive legislation and implementing risk-based
regulation, the Cayman Islands quickly became a leading domicile of
choice for captives as well as other corporate insurance products,
including insurance linked securities.
Cayman has continued to innovate, modernising its legislative
and regulatory infrastructure and responding to market demands in a
business-centric, yet appropriately governed environment. The most
recent legislative developments has been the implementation of the
Portfolio Insurance Companies (PIC) Regulations (2015), which
reinforce and enhance the insurance statutory framework by
providing greater flexibility and do so in a robust and efficient
manner. Instead of enacting a whole new swathe
