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ARTICLE · 23 APRIL 2021

Cayman Islands Insurance Regulatory Update

Walkers
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Firm Details Global Managing Partner: Ingrid Pierce Office Managing Partner: Daniel Wood Number of...

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The Cayman Islands Monetary Authority ("CIMA") has issued a new Regulatory Policy on Licensing for Class B Insurers, effective immediately, which sets out CIMA's expectations...

Cayman IslandsInsurance
Lucy Frew
Lucy Frew
Barnaby Gowrie
Barnaby Gowrie
Philip Paschalides
Philip Paschalides
Tony De Quintal
Tony De Quintal
Juliana Tang
Juliana Tang
Steven Manning
Steven Manning
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Nicholas Quin
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The Cayman Islands Monetary Authority ("CIMA") has issued a new Regulatory Policy on Licensing for Class B Insurers, effective immediately, which sets out CIMA's expectations and licensing requirements for applicants of class B insurer's licences. In addition, CIMA has a new Rule on Professional Qualification Requirements for Insurance Companies, Brokers, Agents and Agencies, effective 1 December 2021, which sets out minimum professional qualification requirements for relevant persons of insurance companies, brokers, agents and agencies.

Please click on the advisory links below to read a summary of the key practical points.

CIMA Issues New Licensing Policy for Class B Insurers

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