Cayman News

  • 2018-19 HFC Cayman Grantees!

    July 26, 2018
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        Hedge Funds Care Cayman is delighted to announce that in 2018, we are distributing $253,624 in grants to 9 programs that are preventing and treating child abuse in the Cayman Islands. On behalf of all of us at HFC, and especially our grantees, thank you for making this grant making cycle possible. Our 2018-19 grantees:   $50,000...

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  • Minister Discusses Financial Regulation, Tax Transparency, with US Lawmakers

    July 26, 2018
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    Minister of Financial Services the Hon. Tara Rivers visited Washington, DC, last week, where she explained the Cayman Islands financial services industry, and its adherence to regulatory and tax transparency standards, to influential US Senators, Members of Congress, senior Congressional staff, and other US thought leaders and influencers.   This trip followed her visit in April this year, when...

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  • Busy season for Cayman’s captives

    July 25, 2018
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    Cayman’s insurance industry is in the midst of another busy season, with Q2 results in and plans already underway for the world’s largest captive insurance conference in November – the annual Cayman Captive Forum. The Insurance Managers Association of Cayman (IMAC) reported 12 new insurance licensees in Q2, on top of 5 in Q1, bringing the total to 698...

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  • Cayman issues 14 new captives in Q2

    July 23, 2018
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    The Cayman Islands licensed 14 new captive insurance companies in Q2 2018, according to statistics from the Cayman Islands Monetary Authority (CIMA). Of the 14 new captives licensed, five were class B (i) insurers, four were class B (ii) insurers, three were class D insurers, one was a class (ii) insurer and one was a class C insurer. The...

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  • Wayne Panton to lead Cayman Islands Monetary Authority

    July 23, 2018
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    Former government Minister Wayne Panton was named Wednesday as chairman of the Cayman Islands Monetary Authority, replacing his former colleague at Walkers law firm, Grant Stein, in the chairman’s post. Contacted for comment Thursday, Mr. Panton declined to make any immediate statements about his appointment. The term of the appointment is from July 21, 2018 to July 20, 2021,...

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