Norwegian Shipping magnate and investment banker Andreas Ugland
Andreas Ugland

Andreas Ugland, the Norwegian shipping magnate and investment banker who made Cayman his home, has passed away.

Flags fly at half-staff outside Queensgate House
Flags fly at half-staff outside Queensgate House on Saturday.

Flags were flying at half-staff on Saturday at Queensgate House, the home of his bank and trust company, as a sign of respect.

As well as his private businesses, Ugland was well known as a classic car collector and owner of the Cayman Motor Museum in West Bay.

He was also a world-class powerboater, who owned his own racing team. He brought that passion to Cayman when he founded the Million Dollar Run offshore race.

Ugland was a patron of various charities and institutions in Cayman, including the National Gallery.

More details to follow.

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  1. Having shot his motor museum, executive portraits for his business, his 50th birthday party and other events, I can say from experience that he was among the kindest, most considerate employers who I have ever worked for. I had great respect for his compassion for his employees as being his equal, regardless of position in life and am sure that many others would agree. He will be missed by all who knew him and I offer my sincerest condolences to his family.