The Cayman Islands Monetary Authority issued 12 new licences to captive insurance and reinsurance companies in the second quarter of 2023, marking continuing growth in the sector.
Between April and June 2023, CIMA issued licences to eight new captive insurance companies – four B(i)s and four B(iii)s – and three new portfolio insurance companies. In addition, CIMA issued one licence for a Class D commercial reinsurer.
