Market News

An economic study reveals the captive insurance and reinsurance industry contributes CI$233 million annually to the Cayman Islands economy, supporting jobs, tourism, and government revenue. Commissioned by Insurance Managers Association of Cayman (IMAC) and Cayman Finance, the report highlights the sector's impact on local services, employment, and charitable giving. Read More

At the 2025 Captive Insurance Companies Association (CICA) Conference, student essay finalists presented innovative captive insurance strategies for fictional organizations. Through mentorship and practical analysis, students explored alternative risk financing, reinsurance, and parametric coverage—highlighting the next generation of leaders in risk management and their potential to shape the future of the insurance industry. Read More

WTW's 2025 Global Construction Rate Trend Report details insurance market conditions worldwide, noting softening rates, skilled labor shortages, rising material costs, and region-specific underwriting challenges. The report emphasizes the importance of strong risk management practices and data transparency in navigating shifting insurance dynamics across construction sectors. Read More

Captive insurance is a strategic tool for organizations to manage employee benefits, control healthcare costs, and handle long-term liabilities like pensions. By using captives, companies can create tailored solutions, streamline renewals, and achieve cost savings, all while maintaining flexibility, transparency, and better alignment with organizational goals. Read More

The North Carolina Captive Insurance Association updated its visual identity to align with organizational changes and long-term strategic planning. The refreshed branding reflects the association’s continued development as it enters its second decade representing the captive insurance industry in North Carolina. Read More