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Month: June 2012

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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…

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Euro 2012: Nicklas Bendtner banned for underpants celebration

Denmark’s Nicklas Bendtner has been banned for one match and fined 100,000 euros (£80,000) by Uefa for his goal celebration against Portugal. He lowered his shorts to reveal the logo of a betting company on his underpants after scoring the…

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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…

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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….

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“We still need the Cayman Islands”

In the Caribbean, says Claire Whit­aker, “we’re down to the last six islands.” David Jones concurs: “Still need the Cayman Islands, British Virgin Islands and (not to be confused) the Virgin Islands. Funny how we can sort the most remote…

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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…

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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…

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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. …

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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…

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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,…