AGP Executive Report
Last update: 10 hours agoReinsurance: Cayman-based Cover Re secured a further $65 million capital note, bringing investment from the Resilience Foundation to $165 million, and named three senior executives. Banking: Cayman National thanked two directors retiring after 24 years and appointed corporate lawyer Caroline Barton to its boards. Insurance: CIMA issued eight international insurer licences in the third quarter. Cayman now has 720 Class B, C and D insurers, with $62 billion in premiums written and $203 billion in assets. Cost of Living: Imports cost $903.4 million in the first half, down 1% year on year, but higher fuel prices pushed petroleum imports up 22.8% even as volumes fell. Jobs: Advertised vacancies rose 22.5% in the first nine months of 2026, led by construction, hospitality and administrative services. Small Business: The Centre for Business Development’s free expo on October 21 will connect entrepreneurs with customers and partners, and feature a youth pitch contest. Professional Services: Collas Crill appointed Agnes Molnar to lead its Cayman fund finance and private credit practice; MHA Cayman added audit director Ernest Sokobe, who specialises in investment and digital-asset funds.
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