Cayman Professionals Shine in Captive Review’s 2025 Power 50

May 23, 2025

The Insurance Managers Association of Cayman (IMAC) is proud to celebrate the recognition of four distinguished Cayman-based professionals in the Captive Review Power 50 for 2025 - a prestigious ranking of the 50 most influential individuals in the global captive insurance industry.

This year’s Power 50 list received nearly 2,000 nominations and reflects the breadth and excellence of leadership within the captive sector. We are thrilled to see the Cayman Islands once again represented prominently on this global stage.

Cayman’s Power 50 Honourees:

Cayman’s Regulatory Evolution, Global Leadership, and What’s Ahead

May 6, 2025

In the May 2025 issue of Captive Insurance Times, The Insurance Managers Association of Cayman (IMAC)’s General Manager, Kevin Poole, shares in-depth insights into how the Cayman Islands continues to lead the global captive insurance space through regulatory excellence and strategic vision.

Cayman Islands Ranked Top Offshore Captive Insurance Domicile

May 2, 2025

George Town, Cayman Islands, May 02, 2025 - The Cayman Islands has reaffirmed its leadership position in the captive insurance industry, ranking as the top offshore domicile and second overall globally, in Business Insurance's newly released Captive Domicile Rankings for year-end 2024.

Cayman Starts Q1 2025 with Encouraging Growth in Insurance Sector

Apr 10, 2025

George Town, Grand Cayman, April 9, 2025 – The Cayman Islands Monetary Authority (CIMA) has released its Q1 2025 licensing statistics, revealing the issuance of five new international insurer licenses between January and March: two Class B(i) and three Class B(iii) licenses, with six additional licenses approved in principle and nine further applications currently under review. These figures reflect continued interest in the Cayman Islands as a leading international insurance domicile and signal positive momentum for the remainder of 2025.

Study Reveals Cayman Islands Insurance Sector Contributes CI$233 Million Annually to Economy

Mar 26, 2025

GEORGE TOWN, Cayman Islands, March 25, 2025 – The Insurance Managers Association of Cayman (IMAC) and Cayman Finance recently released the findings of an independent Economic Impact Study, which quantifies the substantial contributions of the international insurance and reinsurance sectors to the Cayman Islands economy. The study, conducted by FTS with additional input from the Cayman International Reinsurance Companies Association (CIRCA), highlights the industry's direct and indirect economic influence, including employment, government revenue, business development, and tourism.

Q4 2024 Stats – Strong Growth Continues in Cayman Captive Insurance Industry

Jan 16, 2025

George Town, Grand Cayman, January 16, 2025 - The Cayman Islands Monetary Authority (CIMA) has released its licensing statistics for Q4 2024, resulting in a strong overall performance in the captive insurance industry for the year 2024. The total number of new international insurers licenses for 2024, which includes one Class D open market reinsurer, stands at 40 – a continued record of the largest number of licenses issued in a single year in more than a decade. Between October and December, CIMA issued 12 new international insurer licenses—three B(i)s, eight B(iii)s, and one Class C. Additionally, 3 new insurance managers were licensed during 2024.