Addressing the media yesterday, Hon. Andre Ebanks, MP, Premier & Minister for Financial Services and Commerce, said the Cayman Islands application to the US National Association of Insurance Commissioners (NAIC) for Qualified Jurisdiction Status (QJS) would be a 16-18 month process, and would allow the jurisdiction to “mature” in the reinsurance space and “potentially grow business.” Earlier in August, the Cayman Islands submitted its applicatio…
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