AGP Executive Report
Last update: 10 hours agoLocal Business Policy: The Cayman Islands Government has published the Local Companies (Control) (Amendment) Bill, 2026, giving Cabinet power to suspend Local Companies Control Licences for foreign-owned businesses in sectors deemed in the public interest, with a focus on real estate and property development where LCCLs are concentrated. Crypto & Markets: Toobit adds Stellar (XLM) to its Fixed Earn series with a limited-time 60% APR campaign (June 9–12) capped at 45,000 XLM, while also running a SpaceX Zone trading rewards push. Fund Industry: CV5 Capital says Cayman’s fund ecosystem is still expanding, citing CIMA data of nearly 31,000 regulated funds and support for new hedge and digital asset fund launches. Health Insurance Costs: CG BritCay (SHIC) proposes about a 25% premium increase effective 1 July, with the Health Insurance Commission and ministry reviewing whether it’s excessive or unfair. Business Leadership: Abhinav Shukla is appointed general counsel at Unbound, leading legal and compliance across the firm’s global portfolio. Tourism & Connectivity: Cayman Airways wins World Travel Awards nominations and has launched a new nonstop route to Austin, Texas, citing strong demand.
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