George Town, Grand Cayman, January 21, 2026 – The Insurance Managers Association of Cayman (IMAC) has reported another strong overall performance in Cayman’s captive insurance industry for 2025, following the release of the Q4 2025 licensing statistics by the Cayman Islands Monetary Authority (CIMA).

For Q4 2025, CIMA issued 10 new international insurer licenses, comprising of three B(i)s, four B(iii)s, one Class C and two Class D. This brings the total number of new international insurer licenses issued in 2025 to 42 for a second year in a row – continuing the record-high licensing trend within the past decade.

As of year-end 2025, Cayman is now home to 720 Class B, C, and D insurance companies, writing $51 billion in premiums and holding $176 billion in total assets – representing a 24% and 15% increase respectively compared to 2024. This growth in new licenses throughout 2025 shows sustained market confidence, with strong activity anticipated to continue in 2026.

IMAC Chair James Trundle said, “Cayman’s continued growth reflects the jurisdiction’s robust regulatory framework, business friendly environment and depth of professional expertise. The collaborative and pragmatic approach taken by CIMA has been instrumental in supporting this momentum, and we are grateful for their ongoing engagement and responsiveness within the industry.”

Other 2025 statistics show that traditional single-parent captives licensed as Class B(i), spanning a wide range of industries, recorded a growth of 19 new licenses. Third-party writers licensed as B(iii) also saw an increase of 19 new licenses, which includes some reinsurance entities. Class C fully collateralised transactions added 2 new licenses, while 2 open market reinsures licensed as class D was also formed. The growth in reinsurance entities is expected to carry into 2026 and will be highlighted at the CIRCA ReConnect conference from April 16-17, 2026 at The Ritz-Carlton, Grand Cayman.

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About IMAC:

The Insurance Managers Association of Cayman (IMAC) represents the international insurance industry in the Cayman Islands. IMAC liaises with government and the regulator on the industry’s behalf and promotes innovation and international competitiveness to maintain Cayman’s advantageous market position. The Cayman Islands is one of the largest domiciles in the world for captives and a dominant jurisdiction for healthcare captives, group captives, catastrophe bonds and international reinsurance.

For media inquiries, please contact:

Tabia Matthews
Tower Marketing           
Email: tabia@tower.com.ky
Phone: +1 (345) 623 6700