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Five ways the world handles housing issues

Many of the affordable housing concerns highlighted by the Compass in recent weeks are not unique to Cayman.

Cayman draws with Bermuda in final World Cup qualifier

Cayman Islands’ hopes of securing a victory in this year’s FIFA World Cup qualifiers were dashed on Tuesday night, after Bermuda’s Kole Hall scored an equalising goal.

Caribbean OTs relax travel restrictions as vaccinations rise

Britain’s Overseas Territories in the Caribbean have taken different approaches to balancing the economic and health threats posed by COVID-19 and the measures to combat the virus, with Cayman among the most conservative.

Turks and Caicos makes COVID vaccines mandatory for work-permit holders

Covid-19 vaccinations have been made mandatory for work permit holders in the Turks and Caicos Islands.

Bermuda eases lockdown restrictions

Bermuda will ease its lockdown restrictions from tomorrow, 20 April, but households are still not allowed to mix and a nighttime curfew will be in place.

Bermuda going back into lockdown; premier has COVID

Bermuda government officials announced Sunday that the country will go back into lockdown from Tuesday morning for at least seven days after 118 people tested positive over the weekend.

Bermuda same-sex appeal heads to Privy Council this week

The Bermuda government's legal battle over same-sex marriage is set to begin next week in the UK's top court, the Privy Council.

Bermuda to reform ‘unfair’ tax system

Bermuda Premier David Burt is planning to reform the country's tax system in time for the 2022/23 budget year.

Bermuda facing second wave of COVID-19

Bermuda is experiencing a second wave of the coronavirus, with indoor bars and schools forced to shut their doors amid a fresh outbreak of the virus.

Time for Greek alphabet: Subtropical Storms Alpha and Beta form

The Atlantic hurricane season ran through the year’s list of named storms on Friday and moved right into the back-up naming system using the Greek alphabet. As of late Friday morning, three tropical formations were active in the Atlantic: Hurricane Teddy, Tropical Storm Wilfred and Subtropical Storm Alpha.

Bermuda feeling effects of Hurricane Paulette

Although the eye of Hurricane Paulette was moving away from Bermuda Monday morning hurricane-force winds and torrential rains associated with the now Category 2 storm is affecting the island.

Paulette expected to hit Bermuda as a hurricane

Tropical Storm Paulette is expected to hit Bermuda as a category 2 hurricane at around 6 am on Monday morning. A hurricane warning has been issued for the island.

Bermuda copying Cayman’s pension cash-out

Bermuda is following a move by the Cayman Islands that allows residents to withdraw a portion of their pension savings to help them cope with the economic fallout from the COVID-19 pandemic.

Premier: No pay cuts planned

Premier Alden McLaughlin has said Cayman is not considering following the moves of Bermudian legislators who are set to take a 12.5% salary cut and slash civil servants' pay by 10% to help address the economic fallout of the COVID-19 pandemic.
Boxes of the test kits arrive on a private plane at the Owen Roberts International Airport on Wednesday morning.

35,000 test kits sold to Bermuda

The Cayman Islands has sold 35,000 of the test kits it procured from South Korea to the Bermuda government.

First COVID deaths in Turks, Bermuda

The coronavirus has claimed two lives in Bermuda and one in Turks and Caicos, the first deaths involving residents in Britain’s overseas territories.

A tale of two territories: How Bermuda deals with traffic

As policymakers in Cayman seek to find solutions to growing congestion on the roads, they could do worse than looking 1,300 miles to the north, to Bermuda.

EY donates to hurricane relief

EY has donated $200,000 to Hurricane Dorian relief efforts in the Bahamas. Leadership of the EY region of the Bahamas, Bermuda, British Virgin Islands and Cayman Islands will donate $100,000, with EY Americas matching that figure, to the Bahamas National Emergency Management Authority (NEMA).
Butterfield Bank

Butterfield restructuring shifts jobs to Nova Scotia

Butterfield Bank is moving 22 jobs from Bermuda and Cayman to its support centre in Halifax, Nova Scotia, as part of a restructuring exercise to cut costs.

Bermuda regulator fines Estera $500,000

The Bermuda Monetary Authority has fined Estera Services in Bermuda US$500,000 for anti-money laundering failings.

Walkers prevails in Bermuda ‘local control’ appeal

Offshore law firm Walkers had to go all the way through the appeals process to the UK Privy Council to establish that its office in Bermuda, established in 2015, is locally controlled and should therefore be able to legally operate in the territory.

Cayman joins five-island marathon challenge

The Caribbean now has a marathon of marathons.

NGO blames territories for tax system failure

The Tax Justice Network has placed the British Virgin Islands, Bermuda and Cayman at the top of a list that the tax campaigners call “the 10 most corrosive tax havens in the world”.

Bermuda taken off EU tax blacklist

The European Union on Friday removed Bermuda, Aruba and Barbados from its list of uncooperative jurisdictions in tax matters.

Cayman may be spot of hope in coral survival

Gretchen Goodbody-Gringley, a scientist with the Bermuda Institute of Ocean Sciences who visited the Central Caribbean Marine Institute in Little Cayman for several days recently, said the islands’ reefs have fared better than some other places in the Caribbean and around the world when it comes to coral health.

CARIFTA 2019: Bermuda and Turks & Caicos cautiously optimistic

Bermuda and the Turks and Caicos Islands are expressing cautious optimism going into the 48th CARIFTA Games, which take place over the Easter weekend at the Truman Bodden Sports Complex. 

EDITORIAL – What Bermuda can learn from Cayman … and vice versa

We have our own leaders and community members who employ harmful rhetoric to stoke discontent, while peddling regressive protectionist policies.
An aerial view of the business area of downtown George Town, Grand Cayman

Netherlands puts Cayman on tax blacklist

The Netherlands has compiled a new list of 21 low-tax jurisdictions, including the Cayman Islands, to fight tax evasion, according to the Dutch ministry of finance.

UK will not step in on same-sex marriage

The United Kingdom has no current plans force its overseas territories to legalize same-sex marriage through an order in council.
An aerial view of the business area of downtown George Town, Grand Cayman

Mixed reactions to impact of economic substance legislation

Legislative changes proposed by the government in response to EU demands and other regulatory pressures will bring what appear to be significant changes for offshore companies that are tax resident in Cayman.

Bermuda courts reverse same-sex marriage ban

Bermuda’s courts have legalized same-sex marriage for the second time in a landmark ruling that could impact the battle for marriage equality in the Cayman Islands.

Discontent grows in overseas territories over British rule

Voices of discontent over British rule are growing louder across the U.K.’s overseas territories in the wake of the controversial decision to mandate public beneficial ownership registries.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Deloitte obtains information security management certification

After an external audit by BSI Group (The British Standards Institution) the Deloitte offices in the Cayman Islands, Bahamas, Barbados, Bermuda, British Virgin Islands and Trinidad and Tobago are now certified as ISO 27001 compliant organizations.

EDITORIAL – Betrayal!

While Cayman and its elected leaders slept during the early morning hours of May 1, a cabal of British politicians gathered with the explicit intent of doing great harm to these Cayman Islands – the very islands which, through tradition and law, they are entrusted to protect.

Cayman’s chief justice adds Bermuda to his duties

Cayman Islands Chief Justice Anthony Smellie has been appointed justice to Bermuda’s Court of Appeal.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Same-sex partnerships law introduced in Bermuda

Forging an “imperfect compromise” that Cayman Islands legislators may eventually be compelled to follow, politicians in Bermuda have introduced legislation allowing gay couples to register “domestic partnerships.”

EDITORIAL – Does the UK have the fortitude to fight the EU’s turpitude?

On Dec. 5, 2017 – just three weeks hence – our sovereign, the United Kingdom, will vote on whether to accede to the calumny of the European Union and blacklist in financial markets several of its own territories, most notably the Cayman Islands, Bermuda, the Channel Islands and the British Virgin Islands.

Fallout begins from Appleby data breach

The allegations are still not known but the Isle of Man and offshore law firm Appleby are trying to preempt potentially damaging media stories resulting from a data breach at the Bermuda-headquartered law firm.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Cayman and Bermuda captives outperform commercial insurers

Captive insurers domiciled in Bermuda and the Cayman Islands posted strong operating earnings and outperformed commercial insurance companies, rating agency A.M. Best reported.

New study offers more nuanced look at offshore finance

When offshore financial centers receive criticism for being “tax havens,” they often counter by pointing to larger countries in Europe and elsewhere that practice many of the same policies decried by the international community.

EDITORIAL – Royal Gazette: When a free press attacks free speech

On the global stage, where Bermuda – and Cayman – play important roles as international financial centers, there are no closed doors, there are no walls, and there are no borders.

Bermuda election result could impact Cayman

The Progressive Labour Party won a landslide general election victory in Bermuda this week, taking power from the one-term One Bermuda Alliance.

EDITORIAL-Bermuda: An island in troubled waters

We do not hope, but we fear, that the results of Bermuda’s election may be the final mis-steerage that drives the country’s economy off the proverbial cliff … or into a coral reef.

Civil unrest in Bermuda over airport deal

Riot police used pepper spray on protesters who blockaded Bermuda’s Parliament on Friday to stop the territory’s government from authorizing an airport redevelopment deal which was initially offered to the Cayman Islands.

OT ministers gather in Turks and Caicos

Ministers from the Cayman Islands and seven other overseas territories will meet in Turks and Caicos this week to address issues ahead of the Joint Ministerial Council meeting in London this fall.

Bermuda voters reject same-sex partnerships

Voters in Bermuda overwhelmingly rejected same-sex marriages and civil unions in a referendum last week, as the island is in the midst of a legal and political debate that mirrors the discussion in the Cayman Islands.

EDITORIAL – What Bermuda’s immigration debate means for Cayman

The Bermuda government’s announced intention to pursue dramatic immigration reforms has plunged our North Atlantic cousin into a state of unrest — somewhere between existential conversation and outright crisis.

Offshore IPOs on a five-year high

More than 200 offshore companies, the majority registered in the Cayman Islands, completed their initial public offerings in 2015. The number of IPOs involving companies...

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