Cayman’s international insurance sector maintained its growth trajectory in the third quarter of 2025, with the Cayman Islands Monetary Authority (“CIMA“) issuing licences to eleven new international insurers between July and September, according to the Insurance Managers Association of Cayman. This reflects continued strength across both captive insurers and international reinsurers.
These approvals bring total new international insurance licences issued to date this year to 32. This follows a strong 2024, when 42 new licensees were approved, positioning the jurisdiction for another year of impressive growth.
Pipeline indicators further support the positive trend. CIMA currently has 19 applications under review, with an additional five licences already approved in principle. With the inclusion of the latest licensees, Cayman now has 719 licensed Class B, C, and D insurance companies. Collectively, these entities represent approximately US$51 billion in premiums written and US$173 billion in total assets, excluding individual segregated portfolios.
Cayman remains one of the largest captive domiciles globally and a dominant centre for healthcare captives, group captives, insurance-linked securities and international reinsurance, catering to sophisticated business enterprises that seek regulatory clarity, operational flexibility and a deep bench of expert service providers.
