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Explore the latest news, insights and developments from IMAC and the Cayman Islands insurance industry, including updates on captive insurance, reinsurance, regulation and industry events.

Promising numbers continue for Cayman’s Insurance Industry according to CIMA’s latest statistics

Sep 20, 2021

George Town, Grand Cayman, September 20, 2021The Cayman Islands Monetary Authorities (CIMA) recently published statistics showing 2021 is on track for another successful year for Cayman’s insurance industry. (Click here for the full PDF press release)


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IMAC announces 2021 Scholarship Recipients

Sep 1, 2021

George Town, Grand Cayman, September 1, 2021 – IMAC is proud to present our annual Scholarship to 2021's recipients.

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2021-03-11 – CIMA Update and Roundtable Discussion

Mar 11, 2021

Part of our 2021 IMAC Webinar Series.

Sponsored by:


Recorded Session: Click Here

Recording password: IMAC Member Access Only – Please email imac@caymancaptive.ky

Session Details:

Program Content & Presenters

CIMA Update and Roundtable Discussion
Join us for an informative discussion as Cayman Islands Monetary Authority (CIMA) representatives touch on the current state of the industry while providing the latest industry figures and an outlook for the year ahead


Ruwan Jayasekera, Head of Insurance

Mr. Jayasekera started his career in the insurance industry soon after graduating from the University of Colombo, Sri Lanka, in 1998. He has over fifteen years of experience in insurance, in both regulatory and industry roles. He has experience working for life and property and casualty insurers. He holds a Master’s degree in Business Administration and a Bachelor’s degree in Statistics, both from the University of Colombo, Sri Lanka. He is also a Chartered Insurer and holds Associate designation from the Chartered Insurance Institute, United Kingdom.

Suzanne Sadlier, Deputy Head of Insurance

Ms. Sadlier brings over 10 years of knowledge and experience in the insurance industry having worked in Ireland in a variety of positions within areas such as claims, underwriting and regulation. In her capacity as a Reinsurance Specialist, she was responsible for managing complex license applications and providing technical advice to the Insurance Supervision Division regarding the day-to-day supervisory operations. She also provided recommendations in relation to (re)insurance laws and regulations.

George Kamau, Deputy Head of Insurance

Mr Kamau brings over 15 years of experience in the financial services industry, majority of which was spent at CIMA. He first joined the Authority in September 2009 as an Insurance Senior Analyst. He was later promoted to the role of Chief Analyst in March 2014, a capacity in which he was primarily responsible for directing and supervising the work of an assigned team to ensure that the activities and records of licensees were in compliance with regulatory requirements.

Peter Fox, Reinsurance Specialist

Mr. Fox’s career spans nearly 46 years in the insurance industry. Naming some of his most recent positions held prior to joining CIMA, Mr. Fox served as Senior Manager with KPMG in their United Kingdom (UK) office from 2008 – 2011. During his time there, he provided extensive audit and consulting advice to Lloyd’s and London market companies. This included a blend of mergers/acquisitions, Solvency II and asbestos/health hazard/pollution claim advice to clients.

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Black tie event raises funds in the name of education

Feb 19, 2021

George Town, Grand Cayman, February 18, 2021 – Members of the Cayman Islands Insurance industry came together at the Kimpton Seafire Hotel on Saturday 13th February to support the 9th Annual Black Tie Gala & Scholarship Fundraiser held by the Insurance Managers Association of Cayman (IMAC). The annual event raises funds for the student scholarship fund which over the years has raised in excess of US$4.7 million and has enabled 58 young Caymanians pursue further studies around the globe in disciplines as diverse as Business Management, Arts and the Sciences.

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2020 figures highlight resilience of Cayman International Insurance

Feb 19, 2021

George Town, Grand Cayman, February 18, 2021 – Cayman’s international insurance industry was not immune to COVID-19’s impact on the global economy posted strong 2020 captive returns per the Cayman Islands Monetary Authority (CIMA)’s recently published 2020 captive statistics. (Click here for the full PDF press release)

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2020-12-09 – Cybersecurity and Investment/Banking Update

Dec 9, 2020



Recorded Session: Click Here

Recording password: IMAC Member Access Only – Please email imac@caymancaptive.ky

Session Details:

Cybersecurity Industry Update - Isabel Gumeyi, PwC

Isabel is a Senior Manager at PwC specializing in Technology Risk Assurance and Advisory services. With over thirteen years of experience, she leads the delivery of IT engagements for clients in different industries ranging from insurance and banking to governmental agencies. Her role includes Cybersecurity and data protection advisory services, assisting clients to understand relevant regulations and industry frameworks; supporting them in the development of an appropriate response framework and various knowledge transfer activities. 

Banking/Investment Update - Marcus Stafford, Scotia Bank

Marcus has over 20 years experience in delivering integrated service solutions for captive insurance companies and brings industry experience and expertise to industry. He now leads the execution of Scotiabank’s captive insurance service strategy and brings expertise in delivering services to single parent, health care and group captive insurance companies. Marcus is an Associate of the Chartered Institute of Bankers (ACIB designation), is a Chartered Investment Manager registered with the Canadian Securities Institute, and is a Certified Anti Money Laundering Specialist

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