Blue Ocean Reinsurance Group Launches in Cayman Islands

Blue Ocean Reinsurance Group recently launched in the Cayman Islands. The managing general agent (MGA) was formed to support existing and new reinsurance companies entering the Cayman market as well as complex captive insurers and will operate its own insurance management services, according to a statement.

Blue Ocean leadership includes Adrian Lynch as CEO, Graham McKay as chief financial officer, and Ruwan Jayasakera as chief operating officer.

Mr. Lynch has 27 years of experience in the alternative risk, reinsurance, annuity, private placement life insurance, and life insurance sectors.

Mr. McKay is actuarial-credentialed and brings 40 years of experience in global reinsurance markets with expertise in cross-border reinsurance transactions and offshore reinsurance company management.

With over 25 years in insurance, Mr. Jayasekera has a background in insurance regulation within the Cayman Islands.