May 23, 2019

Cayman Islands earns hurricane insurance rebate

As the 2012 Atlantic Hurricane Season kicks off, all 16 member governments of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) have committed for the sixth year in a row to renew their hurricane and earthquake insurance for 2012-2013 and earned themselves a 25% premium rebate. The 16 countries and territories are Anguilla, Antigua and Barbuda, […]

Grand Court of the Cayman Islands Issues Interim Award in Algosaibi Fraud Case and Orders Maan Al Sanea to Pay $2.5 billion

The Grand Court of the Cayman Islands issued a ruling in favour of Ahmad Hamad Algosaibi & Brothers (AHAB) requiring Maan Al Sanea to pay AHAB 2.5 Billion dollars, the amount requested by AHAB as an interim payment.  In a 35-page ruling the Chief Justice found that AHAB would be entitled to recover at least […]

Cayman Islands Westin hotel seeks to lure Texas tourists with non-stop flights from Dallas

Hospitality execs in the Cayman Islands continue their efforts to lure Texas tourists. Cayman Airways has announced the launch of non-stop weekly service from Dallas/Fort Worth International Airport to Grand Cayman starting June 23, and running through Sept. 2, 2012. Fares start at $399. If you don’t want to sleep on the beach, the Westin Casuarina […]

Premier Presents Gift of Computers from CDB

Nine  community  organisations  benefited  from  the  Caribbean  Development Bank’s (CDB) Annual Meeting of the Board of Governors that was hosted by the Cayman Islands in May. Today Premier McKeeva Bush, who served as CDB Chairman during the past year continued a CDB tradition of presenting laptop computers to community organisations. The computers were used during […]

Cayman Islands second largest captives domicile

The impacts of Solvency II and other international regulation on captive insurance companies will be a topic of conversation in the Cayman Islands this week. Hosted by the Cayman Islands Monetary Authority (CIMA), senior members from the International Association of Insurance Supervisors (IAIS) and industry participants will be gathering 18 – 21 June for the […]

Statement by the Hon. Premier and Minister of Finance, Tourism & Development on Term Limit Review for Legislative Assembly on 15th June 2012

Madam Speaker, I am pleased to report that the Term Limit Review Committee has concluded their work and has prepared a report containing a number of recommendations on the way forward, as it relates to term limits on work permits.  This is commonly called the “roll over” policy. Madam Speaker, you will be aware that […]

A Successful Year for Mentoring Cayman

Forty-six students completed the 2012 Mentoring Cayman Programme organised by the Chamber of Commerce and supported by the Ministry of Health, Environment, Youth, Sports and Culture. The students along with their mentors celebrated their accomplishment with a closing ceremony hosted by His Excellency the Governor, Mr. Duncan Taylor and his wife, Mrs. Marie -Beatrice Taylor. […]

Regional Prosecutors Train in Cayman

Regional Directors of Public Prosecution (DPPs), crime scene managers and police officers are getting trained in a two-day workshop that began at the Marriott Resort on Thursday, 14 June. The 63 participants represent the British Overseas Territories of Anguilla, Bermuda, British Virgin Islands, Cayman Islands, Montserrat and Turks and Caicos and 13 Commonwealth and other […]

Statement by Honourable Premier and Minister for Finance on the Proposed 2012/13 Budget 14 June 2012

The purpose of the Statement is to inform as to where we are at with the Budget. Introduction The Government has a fiscal year that starts on the 1st of July each calendar year and ends on the 30th of June in the following calendar year. Brief Outline of the Annual Budget Process There are four (4) […]

Caribbean Week in New York

A spring rite of passage in the Big Apple, Caribbean Week got off to a rousing start in Manhattan in June.   Celebrating the sights, sounds, culture and vacation opportunities of the world’s favourite vacay destination,  Caribbean Week is the largest regional tourism event in New York and attracts a host of tourism officials, hoteliers, celebrity […]