AGP Executive Report
Last update: 12 hours agoTourism Pulse: Cayman recorded a record 333,747 stay-over guests in Jan–Jul 2026 (+11% vs 2025), with July alone up 10% to 45,053; cruise passenger numbers fell 23% in July but were up 4% year-to-date, keeping overall Jan–Jul visitor totals at 1,058,781 (+6.2%). Housing & Public Value: The Auditor General says Cayman’s affordable housing programmes aren’t delivering value for money and highlights a widening affordability gap as rents and mortgage costs outpace incomes. Insurance Regulation: CIMA revoked Progressive Grocers Insurance SPC’s Class B(ii) licence effective 1 Sept 2026 for unpaid fees/penalties, solvency margin shortfalls, and failure to file audited statements. Cayman Finance & Governance: Finance ministry disputes claims it already spent over half of the CI$252.3m mid-year surplus, arguing approvals set limits rather than confirming payouts. Healthcare Workforce: Doctors Hospital launched a two-year apprenticeship programme for young Caymanians, targeting support roles across marketing/business development, supply chain, and information technology. Industry Recognition: Cayman Motoring Federation won the FIA José Abed Award for STEM Racing Cayman Islands, linking motorsport education with engineering and tech skills. Air Travel Add-on: Cayman Airways rolled out “Refund Protect” across routes via Protect Group, offering enhanced refund terms at checkout. Captive Sector Spotlight: Nominations are open for the Captive Review Cayman Awards 2026 (closing 27 Sept). Business & Capital Markets: Greenlight Capital Re appointed John Welch as an independent director, adding to board changes announced earlier this year.
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.