News about the Cayman Islands in the Foreign Press

Thursday, May 20, 2004

More captive insurance competition for Cayman

CHARLESTON, USA – The Charleston Post Courier reports that, in the past, businesses suffering high insurance costs flocked to the Cayman Islands and other offshore tax havens to set up captives.  But since South Carolina passed its captive law in 2000, capping taxes on industry premiums, many businesses have turned to Charleston.

Cayman car in Irish rally

BELFAST, Northern Ireland – According to the Belfast Telegraph, a Bentley Continental from the Cayman Islands will take part in a cavalcade of more than 50 vintage and classic cars as part of the Emerald Isle Classic Car Rally.

Cayman dolphin proposals in the news

FORT LAUDERDALE, USA – According to the South Florida Sun-Sentinel, dolphin mania is changing the face of tourism in Caribbean, with eight new dolphin swim attractions in the Caribbean in the past two years and another eight proposed. Four facilities are reportedly proposed in the Cayman Islands alone.

Former Cayman developer killed in plane crash

RALEIGH, USA – The Raleigh News reports that Rob Snyder, the developer of a beachfront condominium project in Grand Cayman, died late Sunday when his Beechcraft Bonanza crashed short of the runway at Raleigh-Durham International Airport.

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