Cayman reaffirms position as premier hub for captive insurance
The Cayman Captive Forum 2025 has been formally opened with an address from Wayne Panton, Parliamentary Secretary responsible for Caymanian Employment and Immigration; Infrastructure; Health, Environment and Sustainability; Financial Services and Commerce, speaking on behalf of the Cayman Islands Government, who warmly welcomed the record number of delegates gathered for what has become one of the world’s premier captive insurance conferences.
Panton praised the scale and energy of this year’s event, noting that the conference had sold out more than two weeks in advance—an achievement that he said “speaks volumes about Cayman’s reputation for excellence, expertise and engagement”. With 1,500 attendees joining the Forum, including more than 300 first-time participants, the event reflects the enduring confidence the international market places in Cayman’s regulatory standards, professional talent and collaborative approach.
Organised by the Insurance Managers Association of Cayman (IMAC), the Forum brings together an influential global community of innovators, risk leaders and strategic advisers. Panton described the gathering as “dynamic and forward-looking”, emphasising that Cayman is proud to host a conference that plays a pivotal role in shaping the future direction of the captive insurance industry.
Beyond the annual Forum, Panton highlighted the sector’s significant year-round contribution to the Cayman Islands’ economy. Captive insurance activity attracts professional visitors for governance and business engagements, supporting a wide range of local services and contributing steadily to government revenue. The industry also provides high-quality employment opportunities for Caymanians, helping to strengthen the islands’ domestic talent pool.
He also recognised the sector’s longstanding commitment to education. The AGLC Educational Scholarship Fund, supported by industry stakeholders, has empowered many young Caymanians to pursue further studies and develop skills that benefit both the financial services industry and the wider community. This, Panton noted, reflects the values at the heart of Cayman’s financial services ecosystem—a spirit of collaboration, investment in future leaders and a shared commitment to national progress.
Looking ahead, Panton affirmed the government’s dedication to maintaining a stable, innovative and responsive jurisdiction. Ongoing work toward NAIC qualified jurisdiction status and continued alignment with international best practices are central to ensuring Cayman remains strategically positioned in a rapidly evolving global risk landscape.
Panton closed by reminding delegates that the Forum is “a catalyst for connection, inspiration and progress”, expressing confidence that the discussions held this week will continue to strengthen Cayman’s leadership in the global insurance market.
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