Topic: CIMA
Senior Leadership Appointments at CIMA
The Cayman Islands Monetary Authority (“CIMA” or “the Authority”) is pleased to announce the promotions of Dr. Stephanie Azan, Ms. Dominique Michelle Lloyd, and Ms. Kathleen Bulatovic, effective 1 January 2026.
Cayman delegation strengthens global insurance relationships at ReFocus 2026
The Cayman Islands sent a large delegation to ReFocus 2026, a major annual conference for senior-level life insurance and reinsurance executives, hosted by the American Council of Life Insurers and the Society of Actuaries.
Career fairs: Connecting students with opportunities
Career fairs provide opportunities to meet potential employers face-to-face, network with industry professionals, learn about jobs that may not be posted online, and gain insights into different career paths.
Revisions to revised fees published for mutual funds and private funds
The Cayman Islands Monetary Authority is providing information on revisions to fees payable by regulated mutual funds and regulated private funds, further to its industry notice dated 31 Dec. 2025.
Cayman’s captive insurance sector ends 2025 with sustained growth
The Insurance Managers Association of Cayman (IMAC) has reported another strong overall performance in Cayman’s captive insurance industry for 2025, following the release of the Q4 2025 licensing statistics by the Cayman Islands Monetary Authority (CIMA).
Cayman Finance graduate programme participants complete training
Participants in the inaugural Cayman Finance Graduate Training Programme have successfully completed a comprehensive 12-week training schedule designed to provide the skills and knowledge needed to thrive in the financial services industry.
Vanguard buys local insurance broker Balderamos
Vanguard Risk Solutions has announced it is acquiring well-known local broker, Balderamos Insurance Services Ltd.
Cayman reinsurers hit back at The Wall Street Journal
The Cayman International Reinsurance Companies Association has published its official response to a 6 Oct. Wall Street Journal article that criticised Cayman as a reinsurance jurisdiction.
Cayman edges closer to coveted US qualified status in reinsurance
Cayman is making progress in obtaining a prestigious seal of approval from US regulators, a senior official at the Cayman Islands Monetary Authority said.
Colleagues pay tribute to Judiann Myles
Colleagues of Judiann Myles have paid tribute to a "vibrant, compassionate" person who they described as a key figure in the Cayman Islands fight against money laundering.
Body in car identified as CIMA head of anti-money laundering
Police have formally identified the person found dead in a burning car in Bodden Town on Thursday afternoon as 47-year-old Judiann Myles, who was the head of the Cayman Islands Monetary Authority's Anti-Money Laundering Division.
CIMA warns of ‘brain drain’ if new salary scale enforced
CIMA leaders have expressed concern that a salary provision could put the jurisdiction at risk of receiving an adverse FATF rating.
Expat workers send US$300M in money transfers home each year
Expatriate workers in Cayman sent nearly USD $300 million home last year, according to the latest data from the Cayman Islands Monetary Authority.
IMAC: Insurance sector continuing to strengthen
The Cayman Islands Monetary Authority issued 12 new licences to insurance and reinsurance companies in the second quarter of 2023, marking continuing growth in the sector.
CIMA to hold annual student mixer
The Cayman Islands Monetary Authority will host its annual student mixer on Friday, 4 Aug., at the Grand Cayman Marriott Beach Resort from 9am to 12pm.
Consilium granted Cayman licence
The Cayman Islands Monetary Authority has granted a licence to international (re)insurance Consilium, which is part of the US$1.5 billion Aventum Group.
Maples wins court battle over ‘onerous’ anti-money laundering rules
Financial regulators over-reached in their attempts to enforce ‘onerous’ anti-money laundering regulations on one of Cayman's biggest financial services firms, the Grand Court has ruled.
Sterling Asset Management allowed to appeal CIMA fine
The Grand Court has granted Sterling Asset Management leave to appeal a $299,050 fine imposed by the Cayman Islands Monetary Authority for the investment management firm’s anti-money laundering (AML) failings.
Intertrust case against Monetary Authority dismissed
Intertrust has been ordered to pay $5 million to the Cayman Islands Monetary Authority after the Grand Court dismissed its appeal against a fine by the regulator for anti-money laundering failings.
CIMA: Insurance industry statistics point to successful year
Cayman Islands Monetary Authority has licensed 20 new insurers or reinsurers in the first six months of 2021.
Local capital markets in the Caribbean: Challenges and opportunities
Written by Marla Dukharan; Research fund by CFA Institute
With a population that reached roughly 60,000 pre-pandemic, about half of whom are non-resident/expatriate, the Cayman...
Maples seeking judicial review of AML regulations
Two entities of the Maples Group are seeking a judicial review of how the Cayman Islands Monetary Authority interprets and applies certain provisions of the Anti-Money Laundering Regulations in practice.
Government clarifies scope of Private Funds Law
In an effort to take the Cayman Islands off the EU tax blacklist, government introduced last-minute, ungazetted changes to the Private Funds Law, on Wednesday.
CIMA revokes Hinduja Bank’s licence
The Cayman Islands Monetary Authority has revoked the banking licence of Hinduja Bank.
Report: 254 private funds have registered with CIMA
The new requirement to register closed-ended, or private, funds with the Cayman Islands Monetary Authority has to date prompted 254 funds into action so far. Government enacted the Private Funds Law in January which gave closed-ended funds until 7 Aug. 2020 to register with CIMA and comply with Cayman’s investment funds regime.
Business in brief: Mourant Ozannes interns complete summer program
Nineteen young Caymanians have completed their internships at Mourant Ozannes.
With new CIMA rules, more computer security certifications
Last week a dozen people gathered for a weeklong computer security boot camp, sitting at desks in a conference room at eShore, overlooking Heroes...
CIMA appoints new head of Compliance Division
Audrey Roe has been appointed head of the Compliance Division of the Cayman Islands Monetary Authority.
CIMA cancels fugitive’s director registration
The Cayman Islands Monetary Authority has canceled Ryan Bateman’s director registration, the regulator announced this week.
Business in brief: Danesmead Partners expands team
The ins and outs of the local business community.
Watson, Aspinall blacklisted by finance regulator
Canover Norbert Watson and Robert Neil Aspinall have each been identified by the Cayman Islands Monetary Authority as “not a fit and proper person” to hold certain positions in the Cayman Islands financial services industry.
CIMA to review firms’ cybersecurity plans
The Cayman Islands Monetary Authority plans to begin reviewing the cybersecurity plans for banks, financial services companies and its other licensees, according to a notice issued recently by the regulator.
New CIMA board member appointed
Cayman’s financial regulatory agency has appointed retired insurance company executive Garth MacDonald to its board of directors.
Gov’t considers new steps to attract reinsurance industry
Members of the Legislative Assembly have voted in favor of a private members’ motion to consider giving incentives to reinsurance and hedge fund management businesses and their senior executives.
Business in Brief: Captive delegation represents Cayman at RIMS
Dozens of representatives from Cayman’s captive insurance industry, including the Insurance Managers Association of Cayman, government officials, the Cayman Islands Monetary Authority, and Cayman Finance represented the jurisdiction at the annual Risk and Insurance Management Society conference in San Diego, California.
Panama Papers: Leak puts pressure on offshore centers
References to the Cayman Islands in the “Panama Papers” were conspicuous by their absence but pressure on all offshore financial centers is likely to increase after the anonymous leak of more than 11 million documents belonging to a Panamanian law firm continued its fallout on Monday.
Remittances dropped sharply last year
In 2015, the amount of money being sent overseas as remittances dropped by US$10 million over the year before. Many expats, especially low-wage workers, were shocked when they no longer had easy access to send cash home. However, the situation has improved, with Western Union and the other cash transfer companies back open and accepting local currency.
Offshore banking continues to decline
The number of banks in the Cayman Islands dropped by 7 percent in 2015, compared to 2014.
