Cayman Captive Forum showcases global insurance strength
The Cayman Captive Forum 2025 opened this week with a strong message of confidence in the jurisdiction’s global leadership in international insurance. Speaking at the opening ceremony, Kieran Mehigan, chairperson of the Insurance Managers Association of Cayman (IMAC), welcomed a record-breaking audience and highlighted the continued strength and evolution of Cayman’s captive insurance sector.
Mehigan announced that the conference had once again sold out, hosting more than 1,550 delegates, including 184 first-time attendees—a clear reflection, he said, of the “growing global interest and confidence in the Cayman Islands’ international insurance industry.” He extended warm thanks to all dignitaries, with special recognition for Parliamentary Secretary and Acting Minister for Financial Services and Commerce, the Honourable William Haneman, whose presence underscored the Government’s support for the sector.
Attendees were also acknowledged for their ongoing commitment, with a particular welcome extended to overseas participants. Mehigan expressed hope that visitors would find the programme “inspiring and rewarding” and thanked returning delegates for their continued dedication to the event.
Mehigan said that this year’s agenda spans an array of timely and strategically important topics, from smart risk and AI transformation to changes in global markets and emerging opportunities in the captive insurance space. Mehigan noted that the programme is designed to equip industry professionals with insights needed to navigate an increasingly complex and fast-evolving market.
Reflecting on the industry’s development, Mehigan emphasised IMAC’s role since 1994 as the collective voice of insurance managers, captive insurers, and service providers. The Cayman Islands, he noted, has firmly established itself as a premier global domicile, supported by collaboration, innovation, and a consistent commitment to excellence. Although new licence activity has remained robust in recent years, Mehigan pointed out that growth is also being driven by increases in segregated portfolio formations and the expansion of group structures.
Education remains a core pillar of IMAC’s mission, with nearly $5 million raised to support Caymanian students since the organisation’s inception. In 2025 alone, IMAC allocated $485,000 in funding to 15 students.
Mehigan concluded by expressing gratitude to the Cayman Captive Forum Committee and reaffirming IMAC’s strong partnerships with Cayman Finance and the Cayman Islands Monetary Authority. He encouraged delegates to fully engage with the sessions and networking opportunities, wishing all an inspiring and successful conference.
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