Cayman Islands continues captive market growth
(Grand Cayman- 28 October 2011) Third quarter figures from the Cayman Islands Monetary Authority (CIMA) show the continued resilience of Cayman’s captive insurance sector. CIMA licensed 29 captive insurance companies in the first nine months of 2011, 14 more than…
Greenlight upgraded to neutral rating
Greenlight Reinsuran (NASDAQ: GLRE) was upgraded by equities research analysts at Zacks Investment Research from an “underperform” rating to a “neutral” rating in a research note issued to investors on Wednesday. Greenlight Capital Re, Ltd. (Greenlight CapitalRe) is a holding…
Kirk Marine opens new store
Kirk Marine have opened a new store at the end of Eastern Avenue, George Town, just opposite Kirk’s Supermarket. The old store used to be located at the Industrial park area, but the new location is set to catch the…
Olympus lose $687m in rouge CI account
Olympus has defended paying $687m to financial advisers but refused to comment on its former CEO’s claims that the cash was channelled to ‘unknown parties in the Cayman Islands’. Asked why Olympus paid such a high fee in relation to…
Mourant Ozannes wins double client service award
Mourant Ozannes has been named ‘Best Offshore Law Firm – Client Service’ at the HFMWeek US Hedge Fund Services Awards 2011. This follows the firm winning the same client service accolade at the HFMWeek European Hedge Fund Services Awards earlier…
Digicel Takes Karting to a new level
Digicel pre-launched their 4G mobile network in a unique, unforgettable and buzz worthy fashion. It was only just late last year in December when Digicel announced the launch of Digicel 4G Broadband, the first of its kind in Cayman. Today,…
Higgs & Johnson welcomes Commercial Lawyer
Gaela Ruth Bailey was admitted to practise as an attorney-at-law in the Cayman Islands by the The Hon. Mr. Justice Henderson on an application of Higgs & Johnson, Attorneys-at-Law. The law firm is continuing to expand its Commercial/Funds Department in…
Financial hat trick for top performing Cayman Islands
Cayman Finance Chairman Mr. Richard Coles has congratulated the financial services industry for achieving yet another top ranking in the highly respected Banker’s ranking of international financial centers. The 2011 Banker’s ranking revealed that the Cayman Islands is once again…
FirstCaribbean acquire CIBC shares
FirstCaribbean International Bank Limited announced Oct. 3 that it has entered into an agreement to acquire all of the issued and outstanding shares in CIBC Bank and Trust Company (Cayman) Limited, a Cayman Islands Company and CIBC Trust Company (Bahamas)…
Digicel launches three new Blackberry 7 Smartphones
Digicel today launched three new BlackBerry® smartphones based on the new BlackBerry 7 OS: the BlackBerry® Bold™ 9900, BlackBerry® Torch™ 9860 and BlackBerry® Torch™ 9810 smartphones will be available to customers from Digicel across the Caribbean this month. The BlackBerry…
