Bermuda and Cayman as Growing Insurance Hubs

The Cayman reinsurance market has doubled in growth, driven by economic substance requirements and captive insurance growth linked to reinsurance availability. These offshore jurisdictions are achieving regulatory alignment with Western standards while competing with traditional markets like Lloyd's and the US for premium and talent.

Analysis:

Offshore hub growth is a structural trend that benefits infrastructure providers — compliance platforms, regulatory filing tools, and fund administration technology for ILS and captive structures. The market is specialized but growing and underserved by modern technology.