Issue No. 823 Monday, 25 April 2005
Business Monday
Revitalising the business of health care
Chrissie Tomlinson Memorial Hospital has reached a turning point last week when
Dr Steve Tomlinson called the realtor JC Calhoun to let him know the hospital is
no longer for sale. After considering several offers over the last few months to
sell, in the end Dr Tomlinson just didn’t have the heart to sell it. Dr
Tomlinson said it was a weight off his shoulders and even though Mr Calhoun lost
the commission, he is relieved ...
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more...
Dyoll outstanding claims mount
New information from the Cayman Insurance Centre (CIC)
revealed there is still around $19.1 million in outstanding Dyoll Company
Insurance claims from a total of $60.3 million claims throughout the Cayman
Islands.
However the $19.1 million is not conclusive because it does not include claims
in Jamaica or claims before or after Hurricane Ivan.
The CIC also revealed that there is $1.55 million in assets....
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more...
The domicile of choice for
Captive Insurers
 Speaking at the 43rd Risk and Insurance Management Society Conference in
Philidelphis last week, the Hon. Kenneth Jefferson, Financial Secretary, told
the audience that, “Cayman’s expert insurance managers, captive directors and
their advisors are factors contributing to the Cayman Islands being the domicile
of choice for an increasing number of captive insurance companies.”
...
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CIMA chair talks about challenges
 Just
a few weeks after the release of the International Monetary Fund, (IMF) report
on the Cayman Islands Monetary Authority, (CIMA) the Chairman Authority’s
Timothy Ridley talked about how the international and domestic initiatives are
affecting the financial sector and how CIMA is evolving to meet those
challenges at the Cayman Islands Society of Professional Accountants’ lunch on
15 April...
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Dart breaks ground for new town
After several years in the planning, Dart Management broke ground last week
on a multi-million community development, which will eventually grow into a new
urban town named Camana Bay, a development that spans 300 acres from Seven Mile
Beach to North Sound. “Camana Bay will be a mixed-use, master-planned community where people can live,
work and play,” said John Papesh...
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Entrepreneur
of the week
- John Douglas
Having been concerned about the
environment for many years, John Douglas was worried about the effect that
chemicals used daily for the cleaning of homes and offices were having on the
environment. Always known for his efforts at being a health-conscious person, as
well as for managing his surroundings with a constant awareness of the need to
preserve the environment....
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more...
OTHER NEWS
EDITORIAL
COMMENTARY
DOING BUSINESS LUNCH
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