Cayman Gains Ground on Bermuda in Offshore Life Reinsurance

Cayman gains ground on Bermuda in offshore life reinsurance

Bermuda is still the leading offshore domicile in life reinsurance but AM Best says it shed market share in 2025 while Cayman’s share increased, driven by new sidecars from the United States. The rati...

AM Best: Bermuda Dominant, Cayman Increasing

“While Bermuda continues to be the dominant offshore domicile, the Cayman Islands increased their share of the market in 2025,” according to a recent statement from AM Best. A spokesperson said, “The amount of annuity reserves ceded offshore continued to increase in 2025 and now represent more than half of ceded annuity reserves as companies manage […]