Citigroup boss Vikram Pandit resigns
Citigroup chief executive Vikram Pandit has surprised Wall Street by resigning with immediate effect. Mr Pandit is being replaced by Michael Corbat, who was previously the bank’s chief for Europe, the Middle East and Africa. In a statement, Citigroup praised…
Past LA Speaker Obtains PhD
On October 11th, the Ministry of Education and University College of the Cayman Islands (UCCI) celebrated with Dr. the Hon. Linford Pierson, past Speaker of the Legislative Assembly, his achievement in completing a PhD in Psychology from Walden University. Dr….
Cayman Government replies to WSPA claims of health risks to turtles at farm
Statement by the Cayman Islands Government Regarding the Cayman Turtle Farm: Island Wildlife Encounter The Cayman Islands Government places a high regard on maintaining the health and safety of visitors to our Island and to our tourist attractions and takes…
Investors Trust Assurance SPC Inaugurates Its New Branch Office in Kuala Lumpur
GEORGE TOWN, Cayman Islands, Oct 15, 2012 (BUSINESS WIRE) — Following its global expansion plans, Investors Trust Assurance SPC (“ITA”) is thrilled to announce the recent opening of its branch office in Kuala Lumpur, Malaysia, at the renowned Petronas KLCC….
Cayman insurance manager pleads guilty to stealing $856,000
In Cayman’s Grand Court on Friday (15) David Keith Self, 53, Insurance Manager with Monkton Insurance Services, pleaded guilty to two counts of theft and one count of possession of criminal property before Justice Alexander Henderson. Self stole Canadian $717,388.70…
Cayman Islands Investcorp unsecured notes rated BB (exp)
Oct 15 – Fitch Ratings has assigned Cayman Islands-based Investcorp S.A.’s (ISA) proposed senior unsecured notes an expected rating of ‘BB (exp)’. The issue will be guaranteed by Investcorp Bank B.S.C. (IBSC), the parent which is based in Bahrain. The…
Too many directors and not enough accountability
Seamus Andrew & Niall Goodsir-Cullen wrote the following article in January, 2007, under the title “Accountability of Cayman Islands directors”: The Cayman Islands is the number one domicile in the world for hedge funds and structured finance transactions and one…
International Insurance Regulators Convene in Kansas City
The National Association of Insurance Commissioners (NAIC) welcomed 14 regulators from around the world for the Fall 2012 International Fellows Program in Kansas City, Mo. Participants include regulators from China, Grand Cayman Islands, India, Indonesia, Nigeria and Saudi Arabia. The…
Get Cultured: Cayman – A Local Guide that Begins and Ends at the Luxurious Cotton Tree
From Cultureist Heather Lockington, owner of the luxury boutique hotel Cotton Tree, gives us an armchair tour of this laid-back Caribbean island. On your first day here, seeing this is a must: If there is one thing that Cayman represents it is relaxing and…
MultiCat Mexico 2012 cat bond completes, lists in Cayman Islands
From Artemis The latest catastrophe bond to hit the market, MultiCat Mexico Ltd. Series 2012-1, closed and listed on the Cayman Islands stock exchange on Friday and has received its final ratings from Standard & Poor’s today. The second MultiCat…
