AGP Executive Report
Last update: 9 hours agoEducation & Skills: ICCI says it’s celebrating the first graduation cohort of its MSc in Management Consulting and is now accepting applications for its Fall 2026 term starting 21 September, with 100% online classes and interest-free payment plans. Telecom Regulation: URCO has amended its direction to Flow over the planned shutdown of the candw.ky email service, setting a phased timetable and mandatory consumer-protection steps to avoid disruption to banking, healthcare and government communications. Insurance & Reinsurance: Greenlight Capital Re confirms Lloyd’s “in principle” approval for Greenlight Innovation Syndicate 3456 to become a full Lloyd’s syndicate from 1 January 2027, while IMAC points to CIMA Q2 licensing data showing six new international insurer licences issued in April–June and continued momentum for 2026. Healthcare Policy: Government is launching a community consultation on major health legislation reform, including public health, environmental health, regulation and tobacco control, with a 28-day consultation starting 21 August. Tourism & Jobs: Grand Cayman Marriott is investing multi-millions to restore its beachfront shoreline, aiming to recapture tourism business, create about 150 jobs, and reopen the beach to the public after early-September completion. Local Economy: IRG reports a record-breaking first half for Cayman real estate, citing its strongest Q2 in history with $436m total transaction volume and a 31% year-on-year rise in average transaction value. Governance & Compliance: The CSPL says only about 80% of public officials are complying with Register of Interests requirements, prompting a push to improve submissions and enforcement. Global Tax Pressure: A US court sentenced TransLunar Crypto Fund founder Justin Ryan Schmidt to 37 months for tax evasion tied to income he concealed after renouncing US citizenship and relocating to the Cayman Islands.
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