AGP Executive Report
Last update: 9 hours agoOffshore Finance & Legal: Appleby says New Mountain Capital will take a significant minority stake via a newly formed Cayman Islands company, backing expansion, technology and potential acquisitions while partners keep majority control. Local Governance & Trade: Cayman Customs reminds buyers that importing vehicles eight years or older is prohibited, with 2019-model cars needing to arrive by 31 Dec 2026 or face seizure from 1 Jan 2027. Premier’s Diplomacy: Premier André Ebanks heads to London and Dublin for meetings with UK and EU stakeholders, including a Cayman Finance roundtable and the Maples Insight London Investment Funds Forum. Corporate Moves: KKR exits First Gen, selling its full 19.9% stake to Cayman Islands-based Angsana Finance for about P25.77bn after its bid to buy more shares was rejected. Crypto & Risk Management: Toobit publishes September Proof of Reserves showing BTC/ETH/USDT/USDC backed above 100%, while Aspida appoints Aaron Sarfatti as Chief Risk Officer to strengthen enterprise risk across retirement and reinsurance. Telecoms Dispute: C3 Pure Fibre prepares to seek leave to appeal after the Court of Appeal upheld OfReg’s licence fee collections as lawful. Business & Community: Cayman Islands Red Cross Golf Tournament raises over CI$100,000 for core programmes, and Logic’s “Connect for Inclusion Cayman” campaign collects KYD$10,000 for disability inclusion. Insurance Outlook: AM Best says a UK captive framework could become competitive, though taxation remains a key factor for parent companies.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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