AGP Executive Report

Fuel Relief Extended: The Cayman Islands Government has approved a three-month extension of the 2026 Fuel Relief Programme through 31 December, keeping a 100% import duty waiver on gasoline, diesel and propane and maintaining residential electricity assistance that caps charges at CI$0.18 per kWh for nearly 95% of households, with Cabinet adding CI$3 million to support the Electricity Assistance Programme. Captive Insurance Agenda: The Insurance Managers Association of Cayman (IMAC) has released the agenda for the 2026 Cayman Captive Forum at the Ritz-Carlton Grand Cayman (1–3 December), adding a third concurrent track on Wednesday and featuring updates from CIMA plus sessions on AI transformation and cybersecurity. CIFEC Career Fair: CIFEC hosted its annual Career Fair at John Gray High School, bringing 250 Year 12 students together with 45 organisations including the Ministry of Education and Training, Fire Service, Health Services Authority, Dart and Ogier, with on-the-spot interviews and internship pathways. Marine Education Boost: CCMI will award 400+ scholarships to Year 6 students from Government schools for its Marine Ecology Course in Little Cayman, expanding the programme to the full Year 6 cohort across 20 classes into January 2027. Maritime Sector Focus: World Maritime Day 2026 messaging highlights Cayman’s push to move from policy to practice under the newly structured Cayman Islands Maritime Governance Framework, aimed at stronger coordination and compliance with IMO instruments. Hospitality Recognition: Dart’s Grand Cayman and regional properties earned five MICHELIN Keys in the 2026 selection, including The Ritz-Carlton, Kimpton Seafire and Palm Heights, underscoring Cayman’s growing premium tourism pull.

Fuel Relief Extended: The Cayman Islands Government has extended its 2026 Fuel Relief Programme through December, keeping a 100% import duty waiver on gasoline, diesel and propane and maintaining a residential electricity fuel charge cap of CI$0.18 per kWh, with an extra CI$3m approved to support the Electricity Assistance Programme. Energy Policy Scrutiny: Opposition MP Chris Saunders has filed an amendment bill seeking to empower OfReg to review fuel supply contracts for CUC and Island Energy and trigger retendering if they no longer serve the public interest. Maritime Governance: On World Maritime Day, the Premier highlighted the shift “from policy to practice” under a newly structured Maritime Governance Framework, aimed at stronger coordination and compliance with IMO standards. Marine Education Push: CCMI will award 400+ scholarships for Year 6 students to attend its Marine Ecology Course in Little Cayman, expanding access across all Government school classes. Tourism Momentum: August stay-over arrivals rose 9.2% year-on-year to 27,445, marking the 10th straight month of growth, alongside a 3.7% increase in cruise passengers. Pet Import Rules Updated: New DOA rules for importing dogs and cats take effect Oct 1, tightening prohibited breed restrictions, updating rabies requirements by risk category, and requiring digital signatures on health certificates. Crypto/Fintech Watch: Anchorage Digital will act as day-one institutional custodian for Puffer UniFi, while Vana completed expanded staking under the Vega upgrade and published updated token economics.

Marine Education: CCMI will award 400+ scholarships to Year 6 students from Cayman Government schools for a three-day, two-night Marine Ecology Course in Little Cayman, covering flights, accommodation and the learning experience—its biggest education expansion in 28 years. Energy Relief: Cabinet has approved a three-month extension of the 2026 Fuel Relief Programme through 31 December 2026, keeping a 100% import duty waiver on gasoline, diesel and propane and extending electricity fuel charge assistance with a CI$3.0m boost to cap charges at $0.18/kWh for nearly 95% of households. Maritime Governance: On World Maritime Day, the Premier outlined the new Cayman Islands Maritime Governance Framework, built to move “from policy to practice” and align the sector with IMO standards. Tourism Pulse: August stay-over arrivals hit 27,445 (+9.2% y/y) for the tenth straight month of growth, with cruise passengers up 3.7% to 50,960. Fuel Contract Politics: Opposition MP Chris Saunders filed an amendment bill to let OfReg review fuel supply contracts (including CUC and Island Energy) and trigger retendering if they’re not in the public’s best interest. Pet Import Rules: New DOA rules for importing dogs and cats take effect 1 October, including updated prohibited breed restrictions, removal of the FAVN rabies titre for “no rabies risk” territories, and digital signatures on health certificates. Financial Services & Courts: Mark Phillips KC has been appointed to the Grand Court, sitting in the Financial Services Division from November. Tech Futures Week: Tech Futures Week 2026 runs 5–9 October, with an AI-focused Innovation Summit and practical sessions for Cayman’s workforce and businesses. Corporate Deals: Futurewave (Cayman SPAC) and Olympian Group (Cayman exempted company) announced a merger agreement expected to result in a Nasdaq-listed combined company.

M&A & Capital Markets: Futurewave Acquisition Corporation (Cayman SPAC) and Olympian Group Inc. (Cayman exempted company) announced a definitive merger agreement, with the combined company expected to be Nasdaq-listed, subject to approvals. Tourism & Hospitality: Cayman welcomed 27,445 stay-over visitors in August, up 9.2% year-on-year, marking a tenth straight month of stay-over growth; cruise passengers rose to 50,960 (+3.7%). AI & Workforce: Tech Futures Week 2026 returns 5–9 October with a new AI Innovation Summit and practical sessions aimed at helping Cayman’s workforce and businesses act on AI. Health & Environment Governance: The Ministry of Health, Environment and Sustainability completed its four-person Deputy Chief Officer team, setting up delivery focus across health regulation, environmental health, waste, and sustainability. Energy & Regulation: Opposition MP Chris Saunders filed an amendment bill seeking OfReg power to review fuel supply contracts for public value, potentially affecting CUC and Island Energy fuel arrangements. Pets & Biosecurity: New DOA rules for importing dogs and cats take effect October 1, including updated prohibited breed restrictions and digital signatures on health certificates. Space & Tech Industry: Astro Digital and Proem Acquisition Corp I signed a definitive business combination agreement, targeting Nasdaq trading after closing in early 2027.

Health & Environment Leadership: The Ministry of Health, Environment and Sustainability has completed its four-member Deputy Chief Officer team, aligning health regulation, environmental health, solid waste, and sustainability priorities under Chief Officer Tamara Ebanks. AI Workforce Push: Tech Futures Week 2026 (5–9 Oct) returns with a public-private programme on “The AI Advantage,” including a new Innovation Summit, reverse pitching, and community focus groups on AI safeguards. Pet Import Rules: New Department of Agriculture requirements for importing dogs and cats take effect Oct 1, including updated prohibited breed restrictions, removal of FAVN rabies titre for no-rabies-risk territories, and digital signatures on health certificates. Fuel Contract Oversight: Opposition MP Chris Saunders has filed an amendment bill seeking OfReg power to review fuel supply contracts for public value and trigger retendering where needed, targeting CUC and Island Energy arrangements. Maritime Governance: Premier André Ebanks marks World Maritime Day with a push to move from policy to practice under the new Cayman maritime governance framework. Financial Services Events: Spectrum adds Spectrum+ workshops (starting 2 Oct) focused on relationship-led marketing for Cayman’s financial services in an AI-shaped market. Energy & ESG: CUC released its 2026 Sustainability Report highlighting 2025 performance and 60 years of service, reinforcing its role in resilience and affordability. Digital Asset Education: Bron launched Bron Academy, a free learning platform with modules on self-custody, security, and institutional digital asset infrastructure. Insurance Update: AM Best revised Palms Insurance Company’s outlook to positive and affirmed ratings for Palms and Palms Specialty Group. Wealth Management Deal: Corient agreed to acquire Cayman-based FortCay Family Advisory, establishing Corient’s Cayman presence.

Pet Travel Rules: The Cayman Islands Department of Agriculture says revised conditions for importing dogs and cats take effect Oct 1, aiming to make the process clearer and faster while keeping biosecurity safeguards, including updated prohibited breed restrictions and removal of the rabies titre (FAVN) test for animals arriving from no-rabies-risk territories such as the UK, with other requirements tied to the origin’s rabies-risk classification. Energy & Regulation: An opposition amendment bill would empower OfReg to review fuel supply contracts for value-for-money and public interest, with potential knock-on effects for Cayman Utilities Company (CUC) and Island Energy fuel arrangements amid a volatile market. Maritime Governance: Premier André Ebanks marked World Maritime Day by highlighting the Cayman Islands’ shift “from policy to practice” through a newly structured maritime governance framework intended to strengthen compliance and support the blue economy. Wealth Management Deal: Corient has agreed to acquire Cayman-based FortCay Family Advisory, a multi-family office serving 14 ultra-high-net-worth families with about $2.6bn in assets, expanding Corient’s Cayman presence. Corporate & Capital Markets: MAK Acquisition Corp (Cayman exempted) delivered a notice of breach to UniUni, triggering a 15-business-day cure period, while GOWell Technology completed its business combination and will begin trading on Nasdaq as “GOW.” Industry Events & Skills: Spectrum launched Spectrum+ workshop sessions, with the first “From Perception to Trust” set for Oct 2 at the George Town Yacht Club.

Pet Import Update: The Department of Agriculture says revised rules for importing dogs and cats into the Cayman Islands take effect Oct 1, aiming to make the process clearer and faster while keeping biosecurity tight. Changes include updated prohibited dog breed restrictions and removal of the rabies titre (FAVN) test for animals arriving from places classified as having no rabies risk, with requirements varying by origin risk category. Energy & Regulation: An opposition amendment bill would empower OfReg to review fuel supply contracts for public-interest value and potentially trigger retendering, directly affecting CUC and Island Energy fuel deals amid a volatile market. Maritime Governance: Premier André Ebanks marks World Maritime Day by highlighting the Cayman Islands’ new Maritime Governance Framework, built to move “from policy to practice” and strengthen compliance with IMO standards. Financial Services & Governance: Spectrum launches Spectrum+ workshops for deeper dives across financial and professional services, starting Oct 2, while Apollo CEO Marc Rowan warns that regulatory arbitrage in life reinsurance is a “gaping hole” that US regulators are moving to close. Wealth Management Moves: Corient expands in Cayman by acquiring FortCay Family Advisory, adding a Cayman-based multi-family office serving 14 UHNW families with about $2.6bn in assets. Community & Recovery: Phoenix House groundbreaking advances a purpose-built women’s recovery campus under the Bridge Foundation Cayman’s continuum-of-care model.

Cayman Pet Import Update: The Department of Agriculture says revised rules for importing dogs and cats take effect October 1, with clearer requirements based on the animal’s circumstances and the rabies-risk classification of the country of origin, updated prohibited breed restrictions, and removal of the FAVN rabies titre for low-risk territories like the UK. Energy & Regulation: An opposition amendment bill would empower OfReg to review fuel supply contracts for public value, potentially affecting CUC and Island Energy fuel deals amid a volatile market. Maritime Governance: Premier Ebanks marks World Maritime Day by pointing to the new Cayman Islands Maritime Governance Framework, aimed at moving from policy to practice and aligning with IMO implementation standards. Financial Services & Governance: Spectrum adds Spectrum+ workshops for deeper dives across financial and professional services, while Apollo CEO Marc Rowan warns Cayman-style life reinsurance regulatory gaps could be closing as US regulators tighten. Wealth Management Deal: Corient expands in Cayman by acquiring FortCay Family Advisory, a multi-family office serving 14 UHNW families. Community & Recovery: Phoenix House breaks ground as a purpose-built women’s recovery campus under the Bridge Foundation Cayman’s continuum of care model.

Pet Imports Update: The Cayman Islands Department of Agriculture says revised rules for importing dogs and cats take effect Oct 1, tightening prohibited breed entry (including first-time entry of several fighting-lineage breeds) and removing the rabies titre/FAVN test requirement for animals from “no rabies risk” territories such as the UK, while keeping risk-based rabies requirements for other origins and moving to digital signatures on health certificates. Fuel Contract Oversight: Opposition MP Chris Saunders has filed an amendment bill that would empower OfReg to review fuel supply contracts for public value and consumer best interest, potentially affecting CUC and Island Energy fuel deals amid volatile market conditions. Maritime Governance: Premier André Ebanks marks World Maritime Day by highlighting the Cayman Islands’ shift “from policy to practice” under a newly structured maritime governance framework aimed at stronger coordination and compliance with IMO standards. Energy & Utilities: CUC released its 2026 Sustainability Report covering 2025 performance and 60 years of service, while CIBC Caribbean flagged about US$820m in sustainable finance and clean energy financing across the region, including Cayman projects. Wealth & Corporate Moves: Corient agreed to acquire Cayman-based FortCay Family Advisory (about US$2.6bn in client assets), and the Cayman Islands continues to attract deal flow as independent director governance expectations rise for regulated fund structures. Digital Assets Education: Bron launched Bron Academy, a free Cayman-linked digital asset learning platform with modules on self-custody, security, and institutional infrastructure.

Pet Import Rules: The Department of Agriculture says revised conditions for importing dogs and cats into the Cayman Islands take effect Oct 1, with clearer requirements by rabies-risk country classification, updated prohibited breed rules, and removal of the rabies titre (FAVN) test for “no rabies risk” territories like the UK. Energy Regulation: Opposition MP Chris Saunders has filed an amendment bill seeking to empower OfReg to review fuel supply contracts for CUC and Island Energy, assess public value, and trigger retendering where needed amid volatile fuel markets. Maritime Governance: Premier André Ebanks marks World Maritime Day by pointing to the Cayman Islands’ newly structured maritime governance framework aimed at moving “from policy to practice” and aligning with IMO standards. Financial Services Events: Spectrum launches Spectrum+ workshop sessions, starting Oct 2, focused on relationship-led marketing for Cayman’s financial services in an AI-shaped market. Wealth Management Deal: Corient expands in Cayman by acquiring FortCay Family Advisory, a $2.6bn multi-family office serving 14 UHNW families. Sustainability Reporting: CUC releases its 2026 Sustainability Report highlighting 2025 performance and 60 years of service to Grand Cayman. Industry Finance: Federal Life Group appoints Carlos Paiva as Chief Legal Officer/General Counsel, strengthening legal and compliance leadership. Business & Capital Markets: GOWell Technology completes its business combination with Inflection Point Acquisition Corp V, rebranding as GOWell Energy Technology with NASDAQ trading expected under ticker “GOW.”

Insurance & Regulation: Apollo CEO Marc Rowan says Cayman life reinsurers exploit “a gaping hole” in US capital rules, warning NAIC moves may soon close the offshore arbitrage. Legal & Compliance Leadership: Federal Life Group appoints Carlos Paiva as Chief Legal Officer, General Counsel and Corporate Secretary, expanding legal and regulatory coverage across the group. Cayman Energy & ESG: Caribbean Utilities Company (CUC) releases its 2026 Sustainability Report, highlighting 2025 performance and 60 years of service to Grand Cayman. Tokenization & Markets Infrastructure: Bullish and Equiniti launch an Issuer Sponsored Token Coalition to push standards for issuer-linked tokenized securities. Women’s Recovery Housing: Minister Nickolas DaCosta welcomes Phoenix House groundbreaking for a purpose-built residential campus for Caymanian women in addiction recovery. Digital Assets Education: Bron launches Bron Academy, a free multilingual platform with 30 modules on digital asset basics, self-custody and security. Wealth Management Expansion: Corient agrees to acquire Cayman-based FortCay Family Advisory, adding a multi-family office serving 14 UHNW families. Pets Import Rules: Cayman Department of Agriculture updates dog and cat import conditions effective 1 October. Corporate Moves: Walkers Professional Services agrees to acquire Luxembourg firm Value Partners, strengthening its alternative funds footprint.

Energy & Utilities: Caribbean Utilities Company (CUC) released its 2026 Sustainability Report, spotlighting 2025 performance and marking 60 years of service to Grand Cayman. Digital Assets & Education: Bron launched Bron Academy, a free, multilingual digital asset learning platform with 30 modules on self-custody, security, privacy and recovery. Women’s Recovery Housing: Minister Nickolas DaCosta welcomed the groundbreaking for Phoenix House, a purpose-built residential campus for Caymanian women in addiction recovery. Sustainable Finance: CIBC Caribbean said it has arranged or invested about US$820m in sustainable finance, including clean energy projects across the region, with activity tied to CARIF. Local Business & Community: Butterfield awarded its 2026 scholarships, including a Caymanian student receiving $30,000 for computer science with industrial experience. Cayman Finance Expansion: Corient agreed to acquire Cayman Islands-based FortCay Family Advisory, adding a multi-family office presence in Cayman. Pet Import Rules: The Department of Agriculture updated conditions for importing dogs and cats, effective 1 October, aiming to streamline processes while keeping biosecurity safeguards. Governance & Markets: Walkers Professional Services agreed to acquire Luxembourg firm Value Partners, strengthening its alternative funds footprint. Corporate/Deal Watch: MAK Acquisition delivered a notice of breach to UniUni under a Cayman SPAC reverse-takeover agreement, triggering a 15-business-day cure period.

Cayman Finance & Governance: Corient expands into the Cayman Islands by acquiring FortCay Family Office Advisory, adding a Cayman-based multi-family office serving 14 UHNW families with about US$2.6bn in assets. Capital Markets: Green Circle Decarbonize Technology, a Cayman holding company, announces a 1-for-6 share consolidation effective Oct 7, keeping its NYSE American symbol “GCDT” on a split-adjusted basis. Crypto & Trading: BTCC Exchange and Markets.com announce a promotional collaboration ahead of TOKEN2049 Singapore (Oct 7–8), while Cayman-linked market activity continues with Ruihe Data Technology qualifying for OTCQX Best Market under “RHDTY.” Local Policy & Compliance: The Department of Agriculture updates rules for importing dogs and cats into Cayman effective Oct 1, including revised prohibited breed clarifications. Community & People: Cayman’s Mentoring Cayman seeks mentors for its 2026/27 programme, and Butterfield highlights Caymanian scholarship recipient Johann Matthew Uy (US$30,000). Environment & Infrastructure: CIG says no “construction” has begun on the Linford Pierson Highway extension near Ironwood Forest, but admits preliminary clearing damaged rare “Old George” plants.

Cayman Pet Imports: The Department of Agriculture updated the rules for bringing dogs and cats into the Cayman Islands, with revised conditions taking effect 1 October. The changes aim to streamline entry while keeping strong biosecurity, including updated prohibited breed details and revised rabies testing exemptions depending on the country’s rabies-risk classification. Wealth Management Expansion: Corient, a global multi-family office, says it has expanded into the Cayman Islands by acquiring FortCay Family Office Advisory, serving 14 ultra-high-net-worth families with about US$2.6bn in client assets. Corporate Governance Focus: A new Cayman-relevant explainer highlights how Cayman Islands regulated funds are leaning more on experienced independent directors following the Corporate Governance Rule, reflecting rising expectations for oversight and accountability. Finance & Markets Activity: BTCC announced a promotional collaboration with Markets.com ahead of TOKEN2049 Singapore, while Green Circle Decarbonize Technology confirmed a 1-for-6 share consolidation effective 7 October. Local Community & Recovery: The Bridge Foundation Cayman broke ground on the Bridge Phoenix House, a women’s halfway home supporting recovery from addiction, as part of the wider continuum of care. Education Spotlight: Butterfield awarded scholarships including a $30,000 Caymanian scholarship for Johann Matthew Uy.

Cayman Infrastructure & Environment: The Cayman Islands Government says no construction has started on the Linford Pierson Highway extension near Ironwood Forest, but admits preliminary clearing has damaged rare “Old George” plants, with Environment staff reporting debris strikes and leaf damage—raising fresh concerns about how fast harm can occur even before heavy work begins. Local Agriculture & Biosecurity: The Department of Agriculture updated import conditions for dogs and cats effective Oct 1, 2026, clarifying prohibited breeds and removing the FAVN rabies titer test exemption for “no-rabies-risk” territories to streamline pet travel while keeping safeguards. Healthcare & Community Recovery: The Cayman Islands Healthcare Conference returns Oct 22–24 at The Ritz-Carlton under a prevention-and-personalised-care theme, while the Bridge Foundation held a groundbreaking for Bridge Phoenix House, a women’s halfway home supporting recovery after Caribbean Haven. Finance & Business: Walkers Professional Services agreed to acquire Luxembourg firm Value Partners, expanding its alternative funds footprint that already includes Cayman; and OTC Markets Group said Ruihe Data Technology Holdings began trading on OTCQX Best Market under “RHDTY.” Industry & Trade: Cayman Airways launched a new vacation booking website, and Mentoring Cayman is seeking mentors for its 2026/27 programme. Global Signals for Cayman-linked markets: SEC proposed a standalone “Regulation Crypto Assets” framework; and U.S. prosecutors are probing Binance over potential Iran sanctions evasion.

Cayman Infrastructure & Environment: The Cayman Islands Government says no “construction” has started on the Linford Pierson Highway extension near Ironwood Forest, but admits preliminary clearing has already damaged rare Old George plants, with Environment staff reporting debris strikes and leaf damage—raising fresh concerns about impacts in one of Grand Cayman’s most sensitive habitats. Pet Biosecurity: The Department of Agriculture updates import rules for dogs and cats effective Oct 1, 2026, clarifying prohibited breeds and adjusting rabies testing requirements for no-rabies-risk territories to streamline pet travel while keeping safeguards in place. Financial Services & Business Growth: Walkers Professional Services signs an agreement to acquire Luxembourg firm Value Partners, expanding its alternative funds footprint across major domiciles including Cayman. Healthcare & Community: The Cayman Islands Healthcare Conference returns Oct 22–24 at The Ritz-Carlton under a prevention and personalised care theme, while Mentoring Cayman seeks mentors for its 2026/27 programme pairing Year 11 students with business and public-sector professionals. Tourism Operations: Cayman Airways launches a new vacation booking website for flight-plus-hotel packages, using Switchfly tech to make trip planning easier for visitors and residents. Industry & Trade: Verve Risk Services launches a new London division focused on financial institutions insurance lines, including bankers blanket bond, crime, and cyber-related exposures for cryptocurrency businesses.