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GEORGE TOWN, GRAND CAYMAN, 14 December, 2011   “It is welcome yet unsurprising news that the Cayman Islands was named the most favoured domicile in the recent Hedge Funds Review’s Service Provider Rankings”, said Richard Coles, Chairman of Cayman Finance.  “The survey underscores Cayman’s ongoing relevance in the worldwide financial industry and role as a key player in the funds industry in particular.”

I go immediately to the heart of the matter: International Financial Centres (IFC) are indispensible components in the wheel-works of the global financial system. Principal amongst many advantages they produce and ensure is their efficient, comparatively inexpensive allocation of capital, which, in this epoch of economic decline and financial crisis, has maintained liquidity and value (particularly) in emerging markets, and so restored and maintained the confidence of investors in the world’s financial and economic systems.

Click on the link below to Read more:
http://www.ifcreview.com/restricted.aspx?articleId=3713&dm_i=8J3,L1D6,1DBZZE,1PI5W,1

The premier’s press office issued a release on Monday confirming that McKeeva Bush has led a delegation to China.

(Grand Cayman- 28 October 2011) Third quarter figures from the Cayman Islands Monetary Authority (CIMA) show the continued resilience of Cayman’s captive insurance sector. CIMA licensed 29 captive insurance companies in the first nine months of 2011, 14 more than during the same period in 2010. The total number of captives in the jurisdiction at 30 September 2011 stood at 730.

 A report which identified the Cayman Islands as a place of ‘tax secrecy’ has been sturdily rebuffed by Richard Coles, chairman of Cayman Finance.