So what influence has that had on the reinsurance sector in your work?

Yeah.

Over the past, I'd say four to five years, we've really seen the, the impact.

Uh, private equity is increasingly interested in investing in reinsurance, and that can mean taking a, you know, just an investment in an existing platform, or it can mean setting up a new in- reinsurance platform from scratch.

And so there's been a real explosive growth, um, in that sector in Cayman in the past four or five years.

And part of that is Cayman is very much the natural home for these PE shops to set up a new platform that they're tucking into their, their broader ecosystem because they already use Cayman, uh, for their funds platforms and for all the associated transactions.

And so they can come to Cayman and they can use the same service providers, they can continue with structures and with regulatory regimes that they're already generally familiar with, and they can just plug that new reinsurance platform into that existing ecosystem.

In terms of timeline, I know it's far more accelerated now, but what's a expected timeline, I guess, for in- reinsurers? Um, what should they be doing now, if anything, to prepare for their qualified jurisdiction status?