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In recent years, the Cayman Islands has garnered significant attention as a burgeoning hub for offshore reinsurance and insurance ("re/insurance").

Paul Scrivener explains why the Cayman Islands has come to be known as one of the world’s leading international financial centres.

Legal teams, capital teams, and actuarial professionals face distinct challenges when analyzing netting and set-off provisions in segregated cell structures. The statutory ring-fencing regimes in Bermuda and Cayman Islands create complex interactions with contractual netting language that require careful legal analysis to ensure proper attribution, recourse, and enforceability across cell boundaries.

Under Cayman's progressive protected cell legislation it has been possible for some time now to convert an existing captive into a segregated portfolio company. Paul Scrivener, head of the Insurance Group at Solomon Harris reviews why this might be done and the steps involved.

The Cayman Islands Monetary Authority (CIMA) set out its approach to group (or consolidated) supervision in a November 2023 regulatory policy update (the Regulatory Policy).

As Cayman's captive insurance and nascent reinsurance, international insurance and life and annuity industry continues to evolve to meet the growing challenge of competition from onshore domiciles and continued soft market conditions,

In this second part of our series on insurance financing, we break down the conditions precedent (CPs) process in financing transactions involving Cayman Islands insurance/(re)insurance companies.

The Cayman Islands is already well-established as an insurance jurisdiction, with 770 insurance licensees conducting business under the supervision of the Cayman Islands Monetary...

In light of the influx of life & annuity reinsurers on-island, we thought it useful to provide a refresher on the role of the appointed actuary and peer reviewing actuary ("PRA")...

Further to our Alert issued in January 2018 the Tax Information Authority of the Cayman Islands ("TIA") has now issued Guidance in respect of the Country-by-Country Reporting requirements ("CbCR").

The segregated portfolio company (SPC) continues to be a much used vehicle in the Cayman Islands insurance industry.

The significant growth in life & annuity reinsurance in the Cayman Islands has showed no signs of slowing in the past few years and a material ingredient of this growth...

The Monetary Authority (Administrative Fines) (Amendment) Regulations, 2020 (the "Amendment Regulations") came into force on 26 June 2020.

It has now been over a year since the updated Enforcement Guidelines: Economic Substance (the "Guidelines") were issued on 31 March 2023...

Congratulations! Despite the volatile market conditions permeating the business world, you may have acquired a business in continuation of the growth of your operations.

Conyers has recently seen a significant increase in the use of trusts in the structuring of insurance transactions entered into by Cayman Islands licensed insurers...

Since our Cayman Islands Beneficial Ownership Regime Alert in May 2017, the Cayman Islands Government has amended the beneficial ownership regime under the Companies (Amendment) (No. 2) Law, 2017 ...

The Cayman Islands government has announced its intention to pursue Qualified Jurisdiction status under the US National Association of Insurance Commissioners framework, a move that could fundamentally reshape the jurisdiction's position in the global reinsurance market. This development carries significant regulatory, reputational, and commercial implications for Cayman's growing offshore reinsurance sector and its relationship with US insurance markets. The application process represents years of legislat