The Cayman Islands have been at the forefront of offshore captive insurance domiciles since the mid-1970’s. With careful Government supervision, backed by a stable political environment and solid professional support services, Cayman has become the second largest offshore insurance domicile in the world.
Cayman has a proven commitment to the captive insurance industry. As of June 30, 2017 the number of captives is 730 and total premiums of $12.4 billion and total assets of $62 billion under the Cayman Islands Monetary Authority’s (CIMA’s) supervision.
Cayman remains the leading jurisdiction for healthcare captives, with 34% percent of the domicile’s captives falling into this classification; however Cayman captives are diverse, and span across many industries and lines of insurance coverage, and are increasingly being used for more innovative purposes.