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Business

Bankers’ President: Increased rates won’t affect borrowing

Borrowing is not anticipated to slow down in Cayman even as banks move to increase local interest rates in line with those announced by the US Federal Reserve last week. Local banks have already started adjusting their interest rates to match the range of 0.25 per cent to 0.5 per …

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Speakers announced for Cayman Alternative Investment Summit

The Cayman Alternative Investment Summit, which will take place from 4-5 February 2016, has announced its industry speaker lineup, which includes John Mauldin, Christopher McChesney, Raoul Pal, Tarun Ramadorai, Anne Richards, Nouriel Roubini and Bruce Zimmerman. Held at The Ritz-Carlton Grand Cayman, the fourth annual event titled “Alternative Investments: Supercharged” …

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Another record year for Cayman Captive Forum

The 23rdannual Cayman Captive Forum hosted nearly 1,500 registrants, securing its place once again as the world’s largest captive insurance conference. Captive insurance industry leaders gathered in the Cayman Islands for three days of informative sessions, exploring key issues impacting the captive industry and in particular, the healthcare market. The …

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Tortuga gets licence to export rum to USA

Rum cakes picked up by US retailers for holiday sales   Two outstanding expansion opportunities have developed for Tortuga International Holdings this Fall, starting with the granted of a licence by the US Government to import Tortuga’s newly packaged and rebranded 5-year-old rum and 12-year-old rum.   “We are excited …

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Charities featured on Butterfield Roundabout

As part of its Christmas decorations, of one of the largest roundabouts in the Cayman Islands has featured some of the many local charities which have benefited from Butterfield’s corporate giving in 2015.   Butterfield Bank (Cayman) Limited sponsors arguably the busiest roundabout in Grand Cayman, at the intersection of …

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Appleby advises Fosun on Ironshore Insurance acquisition

Appleby served as Cayman and Bermuda counsel to Fosun International Limited (Fosun) on its acquisition of the remaining 80 per cent equity interest in Ironshore Inc. (Ironshore), by way of merger. The transaction successfully closed on 20 November 2015 and Ironshore is now an indirect wholly-owned subsidiary of Fosun International …

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Scotiabank launches Scotia Wealth Management

On 8 December, Scotiabank announced the launch of its new Scotia Wealth Management brand, calling it an “integrated approach to serving clients’ wealth management needs.”   “This integrated approach allows Scotiabank to partner with clients by providing meaningful advice through all stages of life to help meet their financial and …

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Chamber hosts free small business financing workshop

The Cayman Islands Chamber of Commerce will host a free workshop for micro and small businesses on Wednesday 9 December from 5:30 to 7:30pm on financing options for small businesses. Tracy Ebanks, General Manager of the Cayman Islands Development Bank (CIDB), and Steven Burrows, Lending Manager, Commercial Clients for Butterfield …

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Cayman and British Virgin Islands firms announce merger

Cayman Islands boutique law firm, Travers Thorp Alberga, has announced its merger with Orion Law, a British Virgin Islands based firm. The change is effective immediately. “Given our recent expansion in Asia, the time is right to partner with a law firm and corporate service provider to provide comprehensive legal …

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Seventeen promoted as part of Appleby’s independent strategy

In an unprecedented move, offshore law firm Appleby has announced the appointment 17 promotions, including six partners and 11 lawyers to the position of Counsel. “These appointments are a direct signal of our growth ambition as we enter into this new phase of our strategy,” Appleby Group Managing Partner, Michael …

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