Cayman Finance News

  • Cayman Finance hails captive insurance success

    August 2, 2013
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    Cayman Finance welcomed news the Cayman Islands captive insurance industry has reached an all-time high of US$82.8 billion in total assets and US$13.5 billion in total premiums as at 30 June 2013. “Given 2012 was widely considered very successful for the captive insurance industry, we are particularly pleased to see the 2013 year-to-date growth rates exceeding the 2012 numbers,”...

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  • The Arrival of FATCA

    July 13, 2013
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    On 15 March, 2013, the Cayman Islands government announced its intention to sign an agreement with the United States authorities to adopt a Model 1 Intergovernmental Agreement (IGA) in response to the US Foreign Account Tax Compliance Act. This decision was reached following a series of dialogue sessions with private sector entities, including Cayman Finance, which played a pivotal…

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  • Transparency cooperation requires a level playing field

    July 4, 2013
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    The Cayman Islands has come under constant pressure to agree to information sharing on its financial services clientele. First there was the United States’ FATCA legislation, then a similar agreement request with the UK, then a multi-lateral pilot with G5 countries, there are calls for us to become part of an old OECD convention, and finally British Prime Minister…

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  • FATCA is here, get ready

    June 6, 2013
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    On 15 March 2013, the Cayman Islands Government announced its intention to sign an agreement with the US authorities to adopt a Model 1 Intergovernmental Agreement (IGA) in response to the US Foreign Account Tax Compliance Act (FATCA).

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  • Cayman Finance celebrates 10th anniversary

    May 2, 2013
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    The concept for the creation of a unified voice of the Cayman Islands financial services industry was first born in 2003, when directors of the Cayman Islands Bankers Association, Eduardo D’Angelo P. Silva, Eric Crutchley, Ben Gillooly and Charles Farrington, first realised the need and formed the Cayman Islands Financial Services Association. Since then it has grown in stature…

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