Cayman News

As blockchain companies continue to set up shop in Cayman Premier Hon. Alden McLaughlin says the government is hoping to create oversight for this emerging industry. At Thursday’s (7 February) Cayman Alternative Investment Summit (CAIS 2019) at the Kimpton Premier McLaughlin said the Cayman Islands Monetary Authority is exploring the creation of a regulatory framework for Fintech related entities. “As...

The Cayman Islands Monetary Authority (CIMA) issued 33 captive insurance licenses in 2018, and surrendered 26, bringing the total to 703. Overall the total number of active captive insurance licenses in the domicile is up from 696 in 2017, an increase of 7. Cayman has a total of 830 insurance licenses in the domicile, of which 101 relate to domestic insurance...

On Thursday (7 February), Premier Alden McLaughlin drew his line in the sand once again, adamant that the Cayman Islands should stay off the European Union’s blacklist and that the process needs to be fair to all. On Thursday, in his first public address since his return from Europe, the Premier sent a message of defiance to those considering...

Globalization is not over. In many ways, it is accelerating, as a new form of internationalization is no longer about goods and services but about data, according to Tony Cowell, partner at KPMG and chairman of the Cayman Alternative Investment Summit. Unstructured data like satellite imagery or social media data can provide “huge opportunities” for the alternative investment industry,...

Government is planning to amend the Trusts Law and related regulations this year, Minister for Financial Services Tara Rivers announced at the STEP Cayman Conference on Thursday. Cayman’s appeal for private client professionals is the long-standing strength of the financial services industry and the ability to attract business-based, robust commercial legislation and adherence to global regulatory standards, she said at...