AGP Executive Report
Last update: 8 hours agoInsurance & Reinsurance: AM Best says offshore reinsurance kept growing in 2025, with offshore ceded annuity reserves topping 56%, while Cayman gained share thanks to newly established sidecars—an edge that comes as Cayman pushes its NAIC Qualified Jurisdiction Status bid to reduce US collateral demands. Regulatory Engagement: Premier André Ebanks led Cayman’s NAIC Summer meeting push in Columbus, stressing cross-border supervision and QJS as a way to “mature” Cayman’s reinsurance market while protecting the captive sector. Leadership Moves: Kara Ebanks has left CIMA after more than 19 years to become general manager at BAF Insurance Company Cayman. Water & Utilities: OfReg’s new 25-year licence for Cayman Water Company took effect 1 August, targeting about a 6.5% average cut in base water rates; Consolidated Water Co. also declared a $0.14 Q4 2026 dividend. Biosecurity: Cayman intercepted a live cane toad in an incoming shipment, highlighting strengthened horizon scanning and border surveillance. Local Business & Industry: Cayman’s first liquid coffee concentrate brand, Liquid Coffee, launched locally and is rolling out regionally; CIMPA held its inaugural Next GEN event to grow marketing talent. Public Safety: RCIPS expanded bodycams after a two-year pilot, aiming to improve evidential value and reduce complaints.
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