Business in brief

Island Heritage

On 29 September, Island Heritage issued the first car insurance for an electric vehicle to James O’Neill, who thereby became the first person to legally drive his electric car, a Wheego Life, on Cayman’s roads

After years of lobbying by Cayman Automotive’s John Felder and other electric car advocates, the Cayman Islands government passed the revised Traffic Law earlier in September to allow residents to register and insure their electric vehicles.

“Just as important as legalising electric vehicles in the Cayman Islands was having the proper insurance coverage,” Mr. O’Neill said. “I was impressed by Island Heritage’s ability to see where the future is going with electric vehicles and allowing individuals the ability to protect their assets.”

Island Heritage’s Chief Underwriting Officer Annette Jim said that Island Heritage Insurance was proud to partner with Mr. Felder, who was instrumental in bringing electric cars to the Caribbean, as the insurer of choice for electric vehicles in Cayman. “This partnership reaffirms Island Heritage’s commitment to green technology and ensures that we are on the cutting edge of the auto insurance market in the Caribbean,” Mrs. Jim said.

The Wheego Life, is one of several electric car models available for purchase from Cayman Automotive. With the ability to run up to 100 miles on a single charge and a planned network of 10 charging stations in Grand Cayman, drivers can be assured that they will never be too far from a charging station.

Mr. Felder said, “Once the new Traffic Law was approved to allow electric vehicles to be used on public roads in the Cayman Islands, I also needed an insurance company to insure the electric vehicles. I offer my sincere gratitude to Island Heritage for their support, because without insurance the vehicles could never have been licensed or registered.”

Island Heritage is able to insure electric vehicles of varying sizes and voltage.

Maples and Calder

Maples and Calder welcomed 23 summer student interns to its Cayman Islands office this year, breaking last year’s record number of 19. Each year, Maples invites applications from young adults who are in the last years of their secondary education or beginning their tertiary education.

The students, who were on vacation from academia, worked through the summer months within various departments and practice areas, further pursuing their interest in chosen careers such as law, marketing, information technology, compliance, office administration, information services and human resources.

Among the group were several recipients of the Maples Legal and Non-Legal Scholarship Programme, which has directly assisted over 50 Caymanians in their pursuit of further education. Adrian Davey (Corporate), Alexandria Terry (Corporate), Joe Jackson (Investment Funds), Erin Panton (Finance) and Nick Moore (Litigation) are recipients of legal scholarships. Cordell Andrade (Information Technology) is a non-legal scholarship recipient.

The large group of students, ranging from 16 to 23 years of age, represented a wide spectrum of academic backgrounds. Three are high school students, 10 are receiving their education at overseas universities and 10 have remained on island to further their education at the local law school and colleges. Of the 23 students, 15 were returning to embrace the opportunity to annually secure part-time employment with the firm.

“Each year, we are delighted to take in eager students and show them the inner workings of our law firm and office environment,” said Global Managing Partner of Maples Henry Smith. “We hope the knowledge they gain from their experience with us assists them in making the important decision on their future career paths. We wish them success in their endeavours and look forward to seeing many of them again next year.”

Summer employment at the firm runs between May and September and, while scholarship recipients may have first preference, new applications are considered on a first come, first served basis and may be sent to Renee Thompson at [email protected] for the 2013 cycle.

Ogier

Sarah McField, an alumna of Ogier’s articled clerk programme, was admitted to the Cayman Islands Bar on application by her principal, Ogier Cayman partner Giorgio Subiotto. The application was presented in court by the firm’s Head of Litigation Richard de Lacy.

Ms McField attained first class honours in her University of Liverpool law degree, obtained at the Cayman Islands Law School, in 2006. She received a commendation in her professional practice certificate at the law school in 2007. Having attained master’s degrees at both the University of British Columbia and the University of Pennsylvania (in law), she joined Ogier as an articled clerk in 2009.

“We congratulate Sarah on her admission to the bar and take pride in her association with Ogier Cayman which has helped her pass this important milestone in her legal career,” Mr. de Lacy said. Addressing Justice Charles Quin on moving Ms McField’s application he said it was “both a pleasure and a privilege to apply to the court for the admission of an articled clerk who has so distinguished herself in the legal education system of the Islands”.

As part of its continued commitment to help ensure training opportunities for young Caymanians seeking to join the legal profession, Ogier Cayman will be recruiting further articled clerks to start in March 2013. Applications will be accepted starting December.

Ogier Cayman currently has three articled clerks within its ranks. Ms Ridhiima Kapoor began an 18-month term in September 2012, joining Michael Lockwood and Alison Maxwell, both of whom are just over 12 months into completing their articles at the firm.

Ogier Cayman’s articled clerk programme provides comprehensive practical training in the main areas of legal work undertaken by the firm. Articled clerks work alongside Associates to gain exposure, develop their expertise across Ogier’s main service lines and work on cases and transactions on a rotational basis.

MaplesFS

MaplesFS recently supported the Cayman Islands Gymnastics Association in preparation to send local gymnasts to the Bermuda 2013 NatWest Island Games XV. As a silver sponsor, MaplesFS made a donation that will not only support this international team, but also help fund a programme that will target local schools to promote the physical benefits of gymnastics.

“We are proud to support these gymnasts and wish them every success at the games next year,” said MaplesFS Chief Executive Officer Scott Somerville. “MaplesFS is committed to giving back to our local community and, with the generous donations of our valued clients, the MaplesFS Limited Community Services Committee is able to sponsor opportunities such as this.”

Following the success of individual competitors, Lauren Hill and Katie Scott in 2011, this is the first time that the Association will send a team to represent Cayman at the Island Games. Gymnasts Hillary Cockhill, Bethany Dikau, Jessica Lloyd, Morgan Lloyd and Haley Wilkom join Hill and Scott as contenders for the games next summer.

“There is a strong future for gymnastics in the Cayman Islands. Some of our youngest athletes demonstrate the talent, dedication and work ethic that it takes to be successful in the international arena,” said national coach Sorin Rad.

RBC Wealth Management

RBC Wealth Management awarded its accounting scholarship to Donnalissa Thorpe, a student at the International College of the Cayman Islands. The full scholarship offers a pathway to a career and professional qualification as an accountant.

With one of the highest GPA of students in the school, Ms. Thorpe impressed the scholarship committee with her thoughtful answers about the financial industry, her communication skills and her drive to excel in the complex world of wealth management, said Brian Taylor, the head of Trust Management – Caribbean.

“Our team was so pleased to award the RBC Wealth Management scholarship to Donnalissa Thorpe,” said Mr. Taylor. “She is smart, ambitious and ready to grow as a professional accountant. I know she will make a fantastic contribution to RBC Wealth Management.”

RBC Wealth Management decided to partner with ICCI because of the bank’s strong history of promoting education and career development for Caymanians, added Mr. Taylor.

“By leveraging ICCI’s strong accounting programme in conjunction with the scholarship we wanted to build a pathway to a career. We see this scholarship with ICCI as another opportunity to reach out to talented Caymanians who, because of family or personal obligations, prefer to pursue their education on island. It is a wonderful compliment to our current in-house policy of training existing local employees for similar roles.”

Ms Thorpe said she was thrilled to find out she had received the RBC Wealth Management scholarship and job placement at such a prestigious private bank. She is scheduled to finish her bachelor’s degree in accounting in another year.

“This scholarship is such a big opportunity,” Ms Thorpe said. “This is one of the top 10 banks in the world so working at RBC Wealth Management will give me plenty of room to grow.”

The RBC Wealth Management scholarship at ICCI has a step-by-step pathway to career advancement. Once Ms Thorpe completes her accounting degree, she will continue straight into preparing to take the CPA exam with those expenses also paid for through the scholarship.

International College president Tasha Ebanks Garcia congratulated Ms Thorpe on her scholarship award.

“Donnalissa has always been a student that has stood out for her grades, her hard work and her critical thinking skills,” Ms Ebanks Garcia said. “She has earned this scholarship and job opportunity and I look forward to seeing her continue to grow in her career.

Cayman National

Members of the CI Veterans Association accepted the generous contribution from Cayman National in support of their upcoming inaugural benefit dinner.

The goal of the event is to first acknowledge the bravery of those men who have proudly worn a uniform in the military service to defend their country, and secondly, to raise funds to assist with some of the personal needs of a number of the elderly veterans.

Cayman Islands Governor Duncan Taylor will be the keynote speaker at the event and guests will be treated to “a behind the scenes look into some of the mystique surrounding military formalities”.

According to a spokesperson for CIVA, the donations raised from the Annual Poppy Appeal, which is their main fund-raiser, are not able to keep pace with the local rising costs in their efforts to assist the disabled and elderly Veterans.

Stuart Dack, president and CEO of Cayman National presented the cheque, while confirming the continued commitment of Cayman National to support the local Veterans Association. “We are indeed pleased to have been a supporter of the CIVA over the past years, and are grateful for the sacrifice of these brave men are deserving of our honour and support”, Mr. Dack said.

Paramount Group

On 13 October, the Paramount Group’s Kent Rankin hosted Senior Appreciation Day in Bodden Town to celebrate senior citizens island-wide. Minister Mike Adam welcomed the guests, including Cabinet Minister Mark Scotland and Member of the Legislative Assembly Anthony Eden to the event, and thanked Kent Rankin, the Paramount Group and Rankin’s Jerk Centre.

Other speakers included Kent Rankin, Kenny Rankin and David Rankin who opened the afternoon’s festivities by welcoming everyone. Free shuttle buses were also provided and brought in seniors from all over the island. More than 150 seniors enjoyed complimentary food and beverages from the Rankin’s Jerk Centre and were entertained by the Achievement Centre children who sang for the group.

Water Authority

The Water Authority-Cayman Board of Directors have recently donated 12 gift certificates worth $500 each toward the monthly water bill for The Pines. The donation will help with the daily overhead costs of running the nonprofit facility for elderly residents in Grand Cayman.

A new building at The Pines, consisting of five wards and 14 rooms, has been constructed and residents have been settling into their new rooms. The hurricane resistant facility will provide its residents with a safe haven, as well as a comfortable new home to live in.

All of the rooms have their own bathrooms with showers for convenience and each floor has a Parker bath, which supports an efficient bathing cycle and provides a safe and relaxed bathing environment for elderly residents.

“Being able to provide these improved facilities knowing we have the monthly certificates on hand is wonderful and a tremendous help financially,” the Pines board said.

Water Authority-Cayman board member Pearlina Mcgaw-Lumsden said: “On behalf of the staff and board of directors of Water Authority we are always pleased to make the annual donation to one of our favourite charities in the Cayman Islands. We wish the organisation continued success and encourage citizens and companies to advance supporting such a great charity that does so much for the elderly in these Islands”.

Comments are closed.