Cayman Captive Insurance Industry Wins Top Honour at 2025 Captive Review US Awards

GEORGE TOWN, Cayman Islands — 2025 – The Cayman Islands has again been recognised as a global leader in the captive insurance sector, taking home Cell Captive Domicile of the Year and receiving Highly Commended in the category Captive Domicile of the Year – More than $5bn GWP at the prestigious Captive Review US Awards 2025.

The annual awards celebrate excellence and innovation in the US captive insurance market, recognising jurisdictions, managers, and service providers that have shown outstanding performance over the past year.

Judges Praise Cayman’s Strengths

Judges described Cayman as “a leading, well-established domicile for cell captives, known for its flexible, business‑friendly regulations, mature ecosystem, and reputation for innovative structures.”

They also highlighted the jurisdiction’s appeal for accident and health, fintech, insurance-linked securities (ILS), and ESG-linked programmes, along with its robust legal and regulatory framework and respected segregated portfolio company (SPC) legislation.

Industry Reaction

IMAC Chair Kieran Mehigan welcomed the recognition:

“Cayman’s success at the 2025 Captive Review US Awards is a testament to the strength of our regulatory environment, the expertise of our service providers, and our continued ability to innovate in a competitive global market. Winning Cell Captive Domicile of the Year and placing Highly Commended among the world’s largest domiciles reaffirms our position as a premier choice for sophisticated captive structures. This recognition belongs to the entire Cayman captive insurance community.”

A Leading Captive Insurance Hub

The International Insurance Managers Association of Cayman (IMAC) represents one of the largest captive insurance industries in the world. The jurisdiction is known for quality, stability, and innovation, backed by decades of experience and a strong partnership between regulators and industry professionals.