AGP Executive Report
Last update: 2 hours agoInsurance & Regulation: CIMA revoked Progressive Grocers Insurance SPC’s Class B(ii) licence effective 1 September after the captive missed licence fee payments, failed solvency margin requirements, and did not file audited financials for 2024. Housing Oversight: The Auditor General says gaps in the government’s 10-year housing strategy and housing policy include weak performance measurement and risk management, with no clear reporting back to Parliament on public housing spending. Tourism & Travel Services: Cayman stay-over tourism hit a record 333,747 overnight guests in Jan–Jul (+11%), while July alone brought 45,053 (+10%); Cayman Airways also rolled out “Refund Protect” across all routes and markets via Protect Group. Cayman Captives & Finance: IMAC opened its annual gala silent auction to fund its Educational Scholarship Fund, while Captive Review Cayman Awards 2026 nominations are now open. Tech & Business Growth: Eightpoint Technologies joined Enterprise Cayman and DMZ as a Programme Partner for the 14-week Launch Labs Incubator. Reinsurance Leadership: Greenlight Capital Re added John Welch and Ariel Warszawski to its board.
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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