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