AGP Executive Report

Health Insurance: The Ministry of Health is reviewing a proposed Standard Health Insurance Contract (SHIC) premium increase from 1 July 2026, with Coralisle Medical Company (CG Britcay) seeking about a 25% hike affecting roughly 12,000 residents, citing claims experience and rising use of advanced local services. Local Economy & Cost of Living: A new data snapshot ranks Cayman among the world’s higher residential electricity prices, underscoring how energy policy and infrastructure costs can hit household budgets. Crypto & Finance: Toobit rolled out zero-slippage copy trading across 150 pairs and launched a prediction market for event-based trading, while SurgeXRP said its $SGP token presale has passed 30% of its soft cap amid an XRP Ledger upgrade. Corporate & Markets: HashKey Holdings approved a HK$100m share buyback after its stock rebounded, and UniUni moved closer to a TSX listing after filing a preliminary prospectus for its qualifying acquisition. Tourism & Business Travel: Cayman Airways adds extra Friday flights to Panama for summer, boosting weekend and onward connections across Latin America. Workforce Development: The National Workforce Development Committee is surveying employers to shape a new National Workforce Development Strategy focused on hiring, training and retaining Caymanian talent. Community: RUBiS Fuel to Finish 5K raised funds for NCVO, drawing hundreds of runners and families to support local volunteering.

Health Insurance Costs: The Ministry of Health is reviewing a proposed 25% SHIC premium rise from 1 July 2026 that would hit more than 12,000 residents enrolled under CG BritCay, citing claims experience and higher use of advanced local services. Public Safety & Justice: A new police update flags over 800 residents under liberty restrictions, with the wider system still struggling to move cases through to resolution. Waste & Environment: A tour of George Town’s landfill highlights how the solid waste programme separates recyclables and is framed as a “success” despite long-running public debate. Energy Prices: A new global comparison places Cayman among the higher residential electricity-cost markets, with Bermuda topping the list and Europe featuring heavily. Travel & Tourism: Cayman Airways adds extra Friday flights to Panama for summer, boosting weekend travel and onward connections across Latin America. Workforce Development: The National Workforce Development Committee is surveying employers to shape a National Workforce Development Strategy focused on hiring, training and retaining Caymanian talent. Digital Finance & Payments: CIBC Caribbean expands card convenience with Google Wallet support across multiple territories, including the Cayman Islands. Legal/Business Services: AMRL Cayman appoints Stephen Leontsinis to lead a new Corporate Disputes, Insolvency & Restructuring practice, signalling growing demand for specialist contentious work. Crypto Trading Products: Toobit rolls out zero-slippage copy trading across 150 pairs and launches a prediction market for event-based outcomes.

Banking Security Alert: RCIPS warns residents not to share bank account details or PINs over calls or online messages after a scammer impersonated a local bank, leading to unauthorised transactions. Workforce Planning: The National Workforce Development Committee is surveying employers to shape a National Workforce Development Strategy, focusing on hiring, training, retention, and Caymanian employment pathways. Regional Banking Supervision: Curaçao’s CBCS hosted the XLIII Annual Conference of the Caribbean Group of Banking Supervisors, with CIMA among speakers, spotlighting resilience and innovation as regulators grapple with AI, cybersecurity, and data protection. Digital Payments Push: CIBC Caribbean expands mobile wallet access, letting customers add CIBC Visa and Mastercard cards to Google Wallet (and rolling out Google Pay) across several Caribbean markets including the Cayman Islands. Healthcare Cost Pressure: CG Britcay proposes a 25% hike to its SHIC premium, effective July 1, triggering regulatory review amid cost-of-living concerns for 12,000+ policyholders. Cayman Airways Recognition: Cayman Airways is nominated for World Travel Awards 2026, with the public urged to vote before 19 June. Tourism Leadership: Cayman’s Director of Tourism Rosa Harris inducted into CTO’s Female Leadership Hall of Fame. Corporate & Capital Markets: Hyperscale Data announces a pre-paid advance with Cayman’s Yorkville; Cayman Finance adds local hires and promotions; and Cayman-linked tokenised reinsurance and biotech listings continue to draw investor attention.

Digital Finance & Crypto: Toobit launched an event-based Prediction Market and also won Hedgeweek “Digital Asset Derivatives Platform of the Year” for the second straight year, while Citrea’s CTR token added listings on UPbit and Bithumb, expanding Bitcoin capital-market access. Tokenised Insurance: Oxbridge Re and SurancePlus plan to launch tokenized reinsurance securities on Solana with Fortex Re, aiming to bring catastrophe-linked returns on-chain. Banking Payments Upgrade: CIBC Caribbean rolled out Google Wallet support across the Cayman Islands and other markets, with Google Pay starting June 9 for eligible cardholders. Workforce & Local Talent: The National Workforce Development Committee is inviting employers to take part in the Caymanian Employment Survey to shape a National Workforce Development Strategy. Immigration Rules Watch: Lawyers warn the new immigration act’s job-hopping provisions may create court challenges, especially around short transition timelines and business restructures. Healthcare Costs: CG Britcay proposed a 25% hike to its Standard Health Insurance Contract premiums, affecting more than 12,000 enrollees from July 1. Local Business & Community: Flow opened a new flagship retail store at Camana Bay, and RUBiS held its Fuel to Finish 5K fundraiser for NCVO. Government Calendar: The State Opening of the 2026-2027 Parliament session is set for 19 June.

Real Estate & Tourism: Silverfin Development Company unveiled “Soho Lofts” at Prisma Grand Cayman, pitching two-bedroom terrace residences as “affordable luxury” in Crystal Harbor with resort-style amenities and views across North Sound and Seven Mile Beach. Healthcare Costs: CG Britcay proposed a 25% hike to its Standard Health Insurance Contract premiums, with the change set for July 1 and affecting more than 12,000 policyholders, prompting regulator review amid cost-of-living concerns. Digital Payments: CIBC Caribbean expanded Google Wallet support across the region, letting customers in the Cayman Islands and other markets add eligible cards for contactless payments via Android and WearOS. Crypto & Markets: Toobit won Hedgeweek’s Digital Asset Derivatives Platform of the Year for a second straight year, while also pushing new trading features including prediction markets. Government & Finance: Premier André Ebanks is in Washington and Chicago to deepen US engagement on tax policy, financial regulation, capital markets and the US–Cayman financial services relationship. Marine Conservation: World Ocean Day coverage highlighted Cayman’s push for stronger marine protected areas, with CCMI launching the Doug Allan Ocean Sustainability Awards for local corporate stewardship. Business & Connectivity: Flow opened a new flagship retail store at Camana Bay, alongside continued network upgrades including full fibre and 5G rollout.

Local Governance: Cayman’s Parliament will officially open the 2026-2027 session on Friday, 19 June, with the Governor’s Throne Speech setting out the Government’s legislative priorities. Healthcare Costs: CG BritCay is seeking a 25% hike to the Standard Health Insurance Contract premium, affecting more than 12,000 policyholders, with the change proposed to start 1 July. Telecom & Retail: Flow opened a new flagship store at Camana Bay, highlighting its fibre build-out and 5G rollout as it pushes connectivity for residents and businesses. Financial Services & Policy: Premier André Ebanks is in Washington and Chicago this week to deepen US engagement on tax policy, financial regulation, capital markets and cross-border investment. Business & Community: RUBiS Fuel to Finish 5K raised funds for NCVO, drawing strong community turnout across ages and fitness levels. Tech & Payments: CIBC Caribbean Bank (Jamaica) launched Google Pay, initially limited to credit cards for Jamaican customers. Marine & ESG: World Ocean Day focus turns to stronger marine protected areas; Cayman’s reefs remain under pressure even as local marine park protections and coral propagation efforts continue. Travel & Tourism: Cayman tourism momentum continues, with March stayover arrivals hitting a record and multigenerational travel boosted by improved airlift.

Local Business & Regulation: Government published the Local Companies (Control) (Amendment) Bill, 2026, giving Cabinet power to pause issuance of Local Companies Control Licences for foreign-owned businesses in sectors deemed in the public interest—aimed at boosting Caymanian participation, with real estate and property development flagged. Financial Services Diplomacy: Premier André Ebanks and Financial Services Minister André Ebanks MP head to Washington and Chicago to deepen US engagement on tax policy, financial regulation, cross-border investment and capital markets. Marine & ESG Recognition: Central Caribbean Marine Institute launches the Doug Allan Ocean Sustainability Awards to spotlight Cayman companies leading marine conservation and stewardship, as World Ocean Day messaging pushes stronger marine protected areas. Tourism Momentum: New figures point to a tourism surge, with March stayover visitors topping 60,000 and total visitation rising 12.6% year-on-year, driven by expanded airlift and group travel ease. Crypto & Fintech: Toobit adds an event-based Prediction Market and runs a short-term Stellar (XLM) Fixed Earn campaign offering up to 60% APR (limited capacity). Community & Skills: Youth Empowerment Symposium lands in Cayman Brac on 12 June with financial literacy workshops and a young adult panel. Public Safety: RCIPS charged a 66-year-old man over impersonating a medical doctor and controlled-drug offences, with a court appearance set for 9 June.

Foreign Investment & Licensing: Government has published the Local Companies (Control) (Amendment) Bill, 2026, giving Cabinet power to suspend licences for foreign-owned businesses in sectors deemed in the public interest—aimed at boosting Caymanian participation, with real estate flagged as a key focus. Financial Services Diplomacy: Premier André Ebanks and Financial Services Minister André Ebanks are set for meetings in Washington, DC and Chicago to press US-Cayman priorities on tax policy, regulation, cross-border investment, capital markets and the insurance and funds sector. Marine Conservation: World Ocean Day spotlighted marine parks as Cayman’s reefs face ongoing coral bleaching and disease; Cayman’s Marine Protected Areas and coral propagation work are credited with helping, but threats remain. Local Cost of Living: Opposition MP Pearlina McGaw-Lumsden is pushing to raise the resident duty-free return allowance from $500 to $800 ahead of the 2026/27 session. Business & Growth Appointments: Consolidated Water named Sachin Chawla senior VP for strategy and growth, while Arnifi launched an AI platform to help corporates set up banking and payments after incorporation. Youth & Community: Youth Empowerment Symposium lands in Cayman Brac on 12 June with financial literacy workshops and a young adult panel. Digital Finance: Toobit added Stellar (XLM) to its Fixed Earn series, offering 60% APR for a limited, first-come capacity. Earthquake Disruption: A 6.1 quake off Cuba was felt across Florida, prompting temporary closures and evacuations in parts of Miami.

Business & Banking: Arnifi launched an AI-powered business banking and payments setup platform, partnering with major banks and payment providers to help newly incorporated firms open accounts faster, with complimentary support for the first 500 businesses. Corporate Finance: Green Circle Decarbonize Technology Limited (Cayman holding company) appointed Louis Ho Ming Leung as CFO, effective June 8, to oversee financial strategy, accounting, financing and auditing. Local Policy: Government published the Local Companies (Control) (Amendment) Bill, 2026, giving Cabinet power to suspend licences for foreign-owned businesses in sectors deemed in the public interest, with focus on real estate and property development. Fund Industry: CV5 Capital said Cayman’s fund ecosystem is still drawing new managers, citing CIMA data showing close to 31,000 regulated funds in Q1 2026. Crypto Markets: Toobit added Stellar (XLM) to its Fixed Earn series with a limited-time 60% APR offer (capacity capped at 45,000 XLM). Tourism Demand: A tourism feature points to a strong 2026 performance, highlighting multigenerational travel and record stayover arrivals. Health Insurance: CG BritCay/Coralisle Medical proposed a ~25% SHIC premium increase from July 1, with the Health Insurance Commission able to block it. Water & Infrastructure: Consolidated Water appointed Sachin Chawla as senior VP for strategy and growth, as it pushes business development and M&A alongside ongoing project execution. Youth & Skills: Youth Empowerment Symposium (YES) debuts in Cayman Brac on June 12 with financial literacy workshops and a young adult panel.

Local Business Policy: The Cayman Islands Government has published the Local Companies (Control) (Amendment) Bill, 2026, giving Cabinet power to suspend Local Companies Control Licences for foreign-owned businesses in sectors deemed in the public interest, with a focus on real estate and property development where LCCLs are concentrated. Crypto & Markets: Toobit adds Stellar (XLM) to its Fixed Earn series with a limited-time 60% APR campaign (June 9–12) capped at 45,000 XLM, while also running a SpaceX Zone trading rewards push. Fund Industry: CV5 Capital says Cayman’s fund ecosystem is still expanding, citing CIMA data of nearly 31,000 regulated funds and support for new hedge and digital asset fund launches. Health Insurance Costs: CG BritCay (SHIC) proposes about a 25% premium increase effective 1 July, with the Health Insurance Commission and ministry reviewing whether it’s excessive or unfair. Business Leadership: Abhinav Shukla is appointed general counsel at Unbound, leading legal and compliance across the firm’s global portfolio. Tourism & Connectivity: Cayman Airways wins World Travel Awards nominations and has launched a new nonstop route to Austin, Texas, citing strong demand.

Local Business Policy: The Cayman Islands Government has published the Local Companies (Control) (Amendment) Bill, 2026, which would let Cabinet suspend the issuance of Local Companies Control Licences for foreign-owned businesses in sectors deemed in the public interest, with a moratorium potentially broad or industry-specific; the bill is set for debate later this month and targets areas including real estate and property development to boost Caymanian participation. Funds & Markets: CV5 Capital says it is supporting a rising number of hedge fund and digital asset managers launching in Cayman as the jurisdiction nears nearly 31,000 regulated funds, citing CIMA figures and pointing to Cayman’s tokenised funds framework. AI Finance: IUX24 launched an AI-powered investment intelligence platform aimed at giving retail investors access to institutional-style market analysis without a high paywall. Health Insurance Costs: CG BritCay (Coralisle Medical) is proposing to raise SHIC basic plan premiums by about 25% from 1 July, with the Health Insurance Commission able to block increases it deems excessive or unfair. Utilities: Water Authority-Cayman confirmed a 3% base rate increase effective 1 July, affecting residential and sewerage charges. Tourism & Transport: Cayman Airways has been nominated for World Travel Awards 2026 categories and has launched a new nonstop route between Grand Cayman and Austin, Texas, citing strong demand. Security & Justice: Two men accused of mugging tourists on Seven Mile Beach pleaded not guilty and are set for trial in August. Global Finance Watch: Italy seized over €200m in assets tied to Matteo Messina Denaro’s mafia network, with searches including the Cayman Islands.

AI & Markets: IUX24 has launched its AI-powered “Intelligence Terminal” in Cayman, pitching tier-one market analysis for retail investors without the usual $25,000 terminal price tag. Health Insurance: CG BritCay (Coralisle Medical) is seeking about a 25% SHIC premium increase from 1 July, with the Health Insurance Commission and ministry reviewing whether it’s excessive or unfair. Local Business Controls: The Cayman Islands Government published the Local Companies (Control) (Amendment) Bill, 2026, giving Cabinet power to impose licence moratoriums for non-Cayman-owned trading companies in the public interest. Water Costs: Water Authority-Cayman confirmed a 3% base price rise effective 1 July, lifting residential and sewerage rates. Tourism & Connectivity: Cayman Airways picked up World Travel Awards nominations and launched a new nonstop route to Austin, Texas, citing strong demand. Crypto/Finance: Toobit rolled out a SpaceX Zone trading campaign with a 200,000 USDT reward pool, while Cayman-linked Centurion Acquisition Corp postponed its shareholder meeting to June 12. Public Safety: RCIPS is seeking information after a fight on West Bay Road where someone may have been injured.

Local Governance & Business Licensing: The Cayman Islands Government published the Local Companies (Control) (Amendment) Bill, 2026, giving Cabinet power to impose a moratorium on licences for non-Cayman-owned trading companies in the public interest—aimed at opening space for local entrepreneurs, especially in property development. Health Insurance Costs: CG BritCay (Coralisle Medical) is seeking to raise premiums on the Standard Health Insurance Contract (SHIC) by about 25% from 1 July, with the Health Insurance Commission able to block increases it deems excessive or unfair. Utilities & Household Budgets: Water Authority-Cayman confirmed a 3% base price increase effective 1 July, lifting residential and sewerage rates. Corporate & Finance: Cayman Airways secured World Travel Awards nominations and launched a new nonstop route to Austin, Texas, while Consolidated Water declared a $0.14 quarterly dividend. Insurance Sector Talent: Lloyds Banking Group named Daniel Sims to lead a newly created captive insurance team. Public Safety: Police are seeking information after an altercation on West Bay Road where someone may have been injured. Community & Culture: Cayman Art Week 2026 wrapped with record attendance and strong sales, and the Cayman National U-16 Cricket tournament crowned John Gray (girls) and Clifton Hunter (boys).

Health Insurance: CG BritCay (Coralisle Medical) is proposing to raise Cayman’s Standard Health Insurance Contract (SHIC) premiums by about 25% from 1 July, citing claims experience and rising healthcare costs, while the Health Insurance Commission and the Ministry of Health review whether the increase is excessive or unfair. Local Governance & Business Licensing: The Cayman Islands Government published the Local Companies (Control) (Amendment) Bill, 2026, giving Cabinet power to impose moratoriums on non-Cayman-owned licence grants in the public interest, aimed at opening space for local entrepreneurs. Utilities & Cost of Living: Water Authority-Cayman confirmed a 3% base price increase effective 1 July, with residential and sewerage rates moving up across Grand Cayman and Cayman Brac. Corporate & Markets: Consolidated Water Co. Ltd. approved a $0.14 quarterly dividend for Q3 2026; Toobit launched a SpaceX-themed crypto trading rewards campaign; and Centurion Acquisition Corp. postponed its shareholder meeting to 12 June. Crime & Justice: Police are seeking a person possibly injured after a disturbance on West Bay Road; and two men accused of mugging tourists near Seven Mile Beach are set for trial in August. Regional Economy & Travel: Cayman Airways picked up World Travel Awards nominations and launched a new nonstop route to Austin, Texas, while Cayman Art Week wrapped with record attendance and strong sales. Legal/Finance: A Bahrain court rejected Awal Bank liquidator’s rejection of $2.8bn claims, clearing the way for major creditor payouts.

China Outbound Investment Rules: Beijing’s new outward investment regulations (Decree 837) tighten approval for Chinese-linked deals, with a fresh spotlight on how far China can reach beyond its borders. Local Immigration & Hiring: Cayman’s own tightening hiring and mobility rules are being flagged as a model that could ripple across the region, with business leaders warning that “rollover” style policies can disrupt long-term training and staffing plans. Water Costs: Water Authority-Cayman confirmed a 3% base rate rise from 1 July, lifting residential and sewerage charges. Corporate & Markets: Centurion Acquisition Corp. (Cayman exempted) postponed its shareholder meeting to 12 June and extended its redemption deadline; Expro’s redomiciliation to Cayman got an ISS recommendation to vote FOR. Aviation & Tourism: Cayman Airways picked up World Travel Awards nominations and launched a new nonstop US route to Austin, while BermudAir announced direct Cayman and Turks & Caicos service. Community & Culture: Cayman Art Week wrapped with record attendance and strong sales; Rotary Sunset launched a road-safety habit campaign; CCMI invited the public to World Ocean Month events. Health & Environment: Officials said Saharan dust air quality stayed in the Good-to-Moderate range, with the Dust Alert lifted.

Aviation & Tourism: Cayman Airways launched a new nonstop route between Grand Cayman and Austin, Texas, with Tourism Minister Gary Rutty citing strong demand and Austin’s growing share of US visitors. Water & Cost of Living: Water Authority-Cayman confirmed a 3% base rate increase from 1 July, lifting residential and sewerage charges across Grand Cayman, Cayman Brac and trucked water. Crime & Justice: Two men accused of mugging tourists near Seven Mile Beach pleaded not guilty and are set for trial in August, with charges tied to robberies of a cruise visitor and a Canadian passenger. Corporate & Finance Appointments: Lloyds Banking Group named Daniel Sims to lead a newly created captive insurance team, while ICZOOM Group Inc. appointed Yi Wang as a director and audit committee chair. Insurance Sector: Cayman First appointed Natasha Pettier as CEO, and the Cayman NextGen Insurance Forum drew 130+ students to explore insurance and reinsurance careers. Governance & Public Services: The Cayman Islands Parliament hosted the 5th Commons and Overseas Territories Speakers’ Conference, focusing on governance, AI in legislatures and constitutional continuity. Energy Policy Watch: CUC’s dispute over “undisclosed” rooftop solar is again flagged as a barrier to Cayman’s renewable targets. Regional Links: Premier André Ebanks pushed regulatory and trade cooperation in Trinidad and New York, including CFATF engagement.