Cayman Government to apply to NAIC for QJS status in US

The Government of the Cayman Islands intends to submit an application for qualified jurisdiction status (QJS) from the National Association of Insurance Companies (NAIC) in the US by the end of Q2 2026 -- the first time a specific time frame for officially pursuing QJS status has been announced, a source told Captive International.

The news was unveiled by the Premier of the Cayman Islands Government, the Hon. Andre Ebanks, who also serves as Minister for Financial Services at CIRCA's annual ReConnect reinsurance conference.

Speaking at the event he said: “We have an idea of where we stand. This is now officially pre-season. And by the end of this calendar quarter, our aim is to enter into the official season by launching our QJS application."

Premier Ebanks also discussed a set of new initiatives to bolster Cayman's financial services regulator, the Cayman Islands Monetary Authority, including hiring a reinsurance specialist to come in and help guide the Government.

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