Cayman Islands names insurance supervisor

The Cayman Islands Monetary Authority said Monday that it has named Ruwan Jayasekera head of the Insurance Supervision Division.

Previously, Mr. Jayasekera was the acting head of the division, Cayman Islands Monetary Authority said Monday in a statement.

Mr. Jayasekera is based in George Town, Grand Cayman.

The Cayman Islands is the 2nd largest jurisdiction for captive insurance. As of June 30 the Cayman Islands has over 709 licensees.