The Cayman Islands legislature has amended the Insurance Law, 2010 to, among other things, permit licensing of two new classes of reinsurers. The new class C insurer license permits reinsurance through the issuance of catastrophe bonds and other similar instruments, such as insurance linked securities. The new class D insurer license permits general reinsurance business. These amendments were made in connection with amendments to the Immigration Law aimed at attracting reinsurers and fund administrators to the Cayman Islands and became effective in November.
Register now for your free, tailored, daily legal newsfeed service.
Questions? Please contact firstname.lastname@example.orgRegister
Cayman Islands creates two new classes of reinsurers
If you would like to learn how Lexology can drive your content marketing strategy forward, please email email@example.com.
Related topic hubs
" The articles are of a good quality. I often print out articles or otherwise note them for bringing to the attention of my colleagues. I find Lexology a helpful and enjoyable update on current issues and would like to continue reading it."