Former State Insurance Commissioner sounds alarm on Cayman reinsurance

The Cayman Islands reinsurance market, now holding over $101 billion, is not a sustainable business model but a dangerous "illusion of solvency" manufactured by stacking tax, capital, and labeling loopholes. This "structural arbitrage" is merely a regulatory waiting game, stripping away the very infrastructure required to survive a credit cycle. Is this massive market truly just a house of cards waiting to fall?
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