ILS In The Cayman Islands (2017)

John Dykstra of Maples and Calder talks about the market-leading variety available in the Cayman Islands.

The history of ILS in the Cayman Islands goes all the way back to the 1990s, when the very first catastrophe bond transactions were set up in the jurisdiction. The ILS market has grown and developed considerably since that time, and a number of jurisdictions are now very actively jostling for position in this market. Although the Cayman Islands has a long history with this product, it is not resting on its laurels and welcomes the challenge of competition, confident that the advantages of a Cayman Islands structure place it in a very strong position. A willingness to innovate is in part what has made the Cayman Islands so appealing and successful for many years as the clear domicile of choice for a wide variety of investment and finance products. This openness to innovation makes the Cayman Islands the ideal place to set up new ILS structures that are novel in