AGP Executive Report
Last update: 5 minutes agoTourism & Hospitality: Cayman welcomed a record 333,747 stay-over guests in Jan–Jul 2026 (+11%), with July alone up 10% to 45,053; cruise passenger numbers fell 23% in July but were up 4% year-to-date, while hotel occupancy hit 66.7% (+9.4%) and ADR rose 7.6%. Housing Oversight: The Auditor General says gaps in the government’s 10-year housing strategy and programmes leave affordability worsening, with no clear reporting back to parliament and urgent legislative steps still lagging. Regulation & Finance (Insurance): CIMA revoked Progressive Grocers Insurance SPC’s Class B(ii) licence effective 1 Sept after missed licence fees/penalties, solvency margin shortfalls, and failure to file audited accounts; an appeal route to Grand Court is available. Cayman Business & Industry (Startups/Tech): Eightpoint Technologies joined Enterprise Cayman and DMZ as a Programme Partner for the 14-week Launch Labs Incubator (Sept 1–Dec 4). Payments: JN Money Services partnered with WapiPay to expand cross-border remittance payout options to Jamaica via JN Money’s local infrastructure. Aviation Commerce: Cayman Airways launched “Refund Protect” with Protect Group across all routes and markets. Reinsurance & Capital Markets: Greenlight Capital Re added John Welch to its board as an independent director. Critical Minerals (Corporate Structure): NT1 agreed to merge with Plutonian Acquisition Corp II, with a Cayman exempted company set to list on the NYSE.
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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