Cayman Islands Reinsurance Roundtable in New York Brings Together Senior Industry Leaders, Cayman Islands Government Leaders and Regulators

The Cayman International Reinsurance Companies Association (CIRCA) recently hosted its second annual Cayman Islands Reinsurance Roundtable Breakfast at the Harvard Club of New York City. The event’s full capacity guest list of 200 delegates, from seven countries, underscored the importance of Cayman’s growing role in the global reinsurance market.

The Roundtable Breakfast was the highlight of a week of engagement in New York that included meetings with media, industry, government and regulators.

Presented in partnership with Cayman Finance and the Insurance Managers Association of Cayman (IMAC), the Breakfast highlighted Cayman’s position as a trusted, well-regulated reinsurance hub and provided a forum for constructive dialogue on U.S. regulatory engagement, global market trends and opportunities for innovation.

Premier Hon. André Ebanks, MP, delivered the keynote address, reaffirming the Government’s commitment to Cayman’s goal of achieving National Association of Insurance Commissioners (NAIC) Qualified Jurisdiction Status and strengthening cross border supervisory cooperation.

“The pursuit of Qualified Jurisdiction Status is a national effort,” Premier Ebanks said. “It requires alignment across government, regulator, and industry. By working together, we can demonstrate that Cayman meets the highest international standards.”

Cindy Scotland, OBE, Chief Executive Officer of the Cayman Islands Monetary Authority (CIMA), delivered a regulatory update that outlined global trends influencing Cayman’s reinsurance sector, including climate change, digitalisation, cyber security and ESG. She emphasised CIMA’s balanced approach to oversight and industry consultation.

Opening remarks were given by Greg Mitchell, Chair of CIRCA, and Kieran Mehigan, Chair of IMAC, with Steve McIntosh, CEO of Cayman Finance, serving as Master of Ceremonies.

The program featured two panel discussions:

• U.S. - Cayman Regulatory Panel
  • Director Elizabeth Dwyer, Department of Business Regulation, State of Rhode Island
  • Director Judi French, Ohio Department of Insurance
  • Commissioner Michael Yaworsky, Florida Office of Insurance Regulation
  • Kara Ebanks, Head of Insurance Supervision Division, Cayman Islands Monetary Authority
  • Moderator: Bridget Dunn, Head of Government Affairs, Talcott Financial Group
• Mythbusters: Legal Edition
  • Joseph Evangelista, General Counsel, Knighthead Insurance Group
  • Vikram Sidhu, Corporate Insurance and Regulatory Partner, Mayer Brown
  • David Sigmon, General Counsel, Greenlight Re
  • Moderator: Lesley Thompson, Managing Director, Willis Towers Watson

“This Roundtable strengthens understanding, reinforces Cayman’s value, and helps counter misconceptions,” said CIRCA Chair Greg Mitchell.

Closing remarks were delivered by Faramarz Romer, Vice-Chair of CIRCA.

CIRCA expressed its gratitude to event sponsors Camana Bay, Conyers, Grant Thornton, Hildene Re, Nassau, and Strategic Risk Solutions, and acknowledged the contributions of all speakers and participants who made the event a success.