The third iteration of ReConnect kicked off on 16 April, with almost 700 local and international reinsurance professionals converging on The Ritz-Carlton, Grand Cayman.
The scale of the event demonstrates Cayman’s growing relevance as an offshore reinsurance hub. The latest figures from the Cayman Islands Monetary Authority show the jurisdiction’s reinsurance companies held US$101.5 billion of assets at the end of 2025, up from US$23 billion in 2020. While the number of reinsurance companies has reached 113, up from 58 in 2020.
But while that growth is notable, the focus of the conference is on the next stage of growth for reinsurance in Cayman.
Hot topics
One of the big themes being discussed over the two-day event is Cayman’s aim to be awarded qualified jurisdiction status by the National Association of Insurance Commissioners in the US. The agenda includes former NAIC regulators from the US, plus an audience with Cindy Scotland, the CEO of CIMA.
The government has identified obtaining jurisdictional status as a key goal for the financial services industry and awarded extra funding to the Cayman Islands Monetary Authority from 2026 to help it achieve that goal. During the first day of the conference, CIMA representatives also confirmed that Cayman’s regulator is working on changes to the insurance regime that will include tweaks to the licensing regime.
Another hot topic facing the global reinsurance industry is the prevalence and quality of private credit assets. The topic will be discussed in a panel on 17 April that will include Jeff Day, managing director for private credit at Morgan Stanley.
“ReConnect is important for the sector because it brings together regulators and industry participants for practical, informed discussion on how reinsurance is evolving. It’s also good for Cayman more broadly, bringing people to the island, supporting local businesses, and contributing to the wider economy,” said Conor Kearney chair of the CIRCA marketing committee.
International delegates at the conference ranged from US-based insurers looking to cede risk to Cayman-based reinsurers to tech firms selling services to the jurisdiction’s burgeoning reinsurance scene. One delegate told the Compass that Cayman was increasingly “showing up on the radar” for US reinsurance professionals. “I didn’t come last year but I couldn’t really miss it this year as most of my clients are here.”
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