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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.

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.

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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.

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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.

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IMAC Mourns the Passing of Former CIMA Head of Insurance, Gordon Rowell

Dec 20, 2024

George Town, Grand Cayman, December 19, 2024 – The Insurance Managers Association of Cayman (IMAC) is deeply saddened to learn of the passing of Gordon Rowell, former Head of Insurance at the Cayman Islands Monetary Authority (CIMA), and a highly respected figure in the Cayman Islands insurance industry.

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IMAC Elects 2025 Executive Committee

Dec 17, 2024

George Town, Grand Cayman, December 17, 2024 – The Insurance Managers Association of Cayman (IMAC) announced its newly elected 2025 Executive Committee during their Annual General Meeting (AGM) held recently. The committee, a cornerstone of IMAC’s leadership, includes both new and returning members who will guide the organization’s efforts for the year ahead.

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Record-Breaking Attendance Expected at the 2024 Cayman Captive Forum for Three Days of Networking and Insights

Nov 29, 2024

George Town, Grand Cayman, November 29, 2024 – The Insurance Managers Association of Cayman (IMAC) is thrilled to announce that the Cayman Captive Forum 2024, the world’s largest captive forum taking place from December 3-5 at The Ritz-Carlton in Grand Cayman, is officially sold out.

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IMAC Golf Day Raises US$17,000 for Educational Scholarship Fund

Nov 4, 2024

George Town, Grand Cayman, November 04, 2024 – The Insurance Managers Association of Cayman (IMAC) announces that its 2024 Golf Scramble, held on October 25, raised US$17,000 for the Educational Scholarship Fund.

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