Former State Insurance Commissioner Raises Concerns About Cayman Reinsurance Growth
A former State Insurance Commissioner has raised concerns about the rapid growth of the reinsurance market in the Cayman Islands and the adequacy of its regulatory framework. The Cayman Islands Monetary Authority reported over $101 billion in reinsurance assets as of 2025, up from $23 billion in 2020, with the number of reinsurance companies doubling in the same period. The former commissioner highlighted issues with transparency and regulatory rigor in the Cayman Islands.
Topics: Cayman Islands financial transparency insurance regulation regulatory scrutiny reinsurance