CIRCA’s Romer: ReConnect Growth Highlights Rising Interest in Cayman Reinsurance

Why It Matters

The gathering signals rising momentum for Cayman’s reinsurance market and underscores critical business implications: new growth opportunities (particularly around data-center risk and alternative capital) and heightened regulatory expectations requiring firms to adapt governance and capital strategies. Confidence: 90

Summary

At CIRCA’s third ReConnect conference in Grand Cayman, Greenlight Re CFO and SIRCA chair Faramarz Romer highlighted growing global interest in Cayman as a reinsurance hub, detailing panels that traced the island’s regulatory evolution and practical steps for setting up and operating reinsurers there. The two-day program featured 10 sessions, 46 speakers and 50 sponsors, with record attendance and one-third of delegates first-time attendees, and included regulators from CIMA and international experts discussing oversight and the qualified-jurisdiction process. Broader industry sessions examined emerging risks—notably the insurability of rapidly expanding data centers that blur property, casualty and cyber exposures—alongside trends in alternative capital, parametric solutions and governance. Romer stressed that regulators will keep evolving and that firms must bolster risk management, stress testing and corporate governance to meet rising standards.

Original Description

Record attendance, expanded programming, and growing global participation underscore increasing interest in Cayman’s reinsurance market and its evolving regulatory framework, said Faramarz Romer, CFO, Greenlight Re, and chair, CIRCA. Romer spoke with AM Best TV at the CIRCA ReConnect Conference in Grand Cayman.