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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.
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3Q 2024 Stats – Cayman 2024 Growth Continues
Oct 12, 2024
George Town, Grand Cayman, October 11, 2024 – The Cayman Islands Monetary Authority (CIMA) has released its licensing statistics for Q3 2024, revealing strong growth in the sector. Between July and September, CIMA issued five new international insurer licenses, including three B(i)s and two B(iii)s, marking continued momentum in the Cayman Islands' insurance landscape.
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IMAC Awards $240,000 in 2024 Scholarships
Oct 9, 2024
Grand Cayman, October 08, 2024 – The Insurance Managers Association of Cayman (IMAC) has announced that through its Educational Scholarship Fund (ESF), $240,000 in scholarships have been awarded to nine (9) Caymanians for 2024.
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Agenda released for the world’s largest captive forum – Cayman Captive Forum 2024
Oct 4, 2024
George Town, Grand Cayman, October 02, 2024 – The Insurance Managers Association of Cayman (IMAC) has announced the agenda for the Cayman Captive Forum 2024. Registration remains open, offering attendees access to world-class expertise and exceptional networking opportunities at the largest captive insurance event in the world.
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The Evolution of Insurance-Linked Securities (ILS) in the Cayman Islands
Sep 20, 2024
In a recent article written by Philippa Gilkes of Conyers, on behalf of IMAC, the dynamic growth of Insurance-Linked Securities (ILS) within the Cayman Islands is explored. As a leading domicile for ILS transactions, the Cayman Islands has emerged as a hub for innovation in the global insurance market.
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IMAC’s Annual Gala raises over US$42,000 for Educational Scholarship Fund
Sep 18, 2024
George Town, Grand Cayman, September 16, 2024 - Members of the Cayman Islands insurance industry gathered at the Kimpton Seafire Hotel for the 12th Annual Gala & Scholarship Fundraiser on Saturday September 14th, hosted by the Insurance Managers Association of Cayman (IMAC). Comedian Eddie Brill, best known as the warm-up act for David Letterman, entertained guests as the after-dinner speaker for the evening.
Read more Cayman Update: Continued Growth and an Assured Future
Aug 23, 2024
George Town, Grand Cayman, August 23, 2024 - Statistics for 2023 released by the Cayman Islands Monetary Authority (CIMA) showed the jurisdiction issued 41 new international insurance licences that year, the largest number of licences issued in a single year in more than a decade.
Read moreOperating in Cayman