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ARTICLE · 06 FEBRUARY 2025

Conyers Coverage Issue 12

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A warm welcome to this 12th edition of Conyers Coverage to kick off 2025. Now that the dust has settled, our team is reflecting on another exceptional year for the Cayman Islands (re)insurance industry in 2024.

Cayman IslandsInsurance
Derek Stenson
Derek Stenson
Róisín Liddy-Murphy
Róisín Liddy-Murphy
Philippa Gilkes
Philippa Gilkes
Sarah Howie
Sarah Howie
Daniella Carrazana
Daniella Carrazana
Cristina Faro
Cristina Faro
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A warm welcome to this 12th edition of Conyers Coverage to kick off 2025. Now that the dust has settled, our team is reflecting on another exceptional year for the Cayman Islands (re)insurance industry in 2024. We lawyers may experience numeracy difficulties but even for us the figures are plain to interpret. According to CIMA's statistics for 2024, Cayman had a record number of new licensees in a single year (40), a record number of reinsurance companies now licensed in the Cayman Islands (100) and the local industry has reached record levels of premium written and assets under management. In addition, the industry has more full time staff than ever working on the ground with a number of Class B(iii)s in particular increasing their on-island presence, the Captive Forum (the world's largest captive conference) had a record attendance and ReConnect, Cayman's first dedicated reinsurance conference, was by any metric a runaway hit (register here for the 2025 version!).

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