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ARTICLE · 08 JUNE 2022

Amendment Intended To Attract Investment And Benefit Clients

Cayman Islands Government
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Grand Cayman, 7 June 2022 - By giving institutional investors more investment options, the Insurance (Amendment) Bill, 2022 is intended to strengthen the Cayman Islands' position in international...

Cayman IslandsFinance and Banking
Ministry Of Financial Services
Ministry Of Financial Services
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Grand Cayman, 7 June 2022 - By giving institutional investors more investment options, the Insurance (Amendment) Bill, 2022 is intended to strengthen the Cayman Islands' position in international reinsurance and domestic insurance.

Minister of Financial Services and Commerce, the Hon. André Ebanks, will bring the amendment to the Cayman Islands Parliament during its third meeting of the 2021-2022 session, which will begin on Wednesday, 8 June.

He also will present the Public Recorder (Amendment) Bill, 2022; and table the Auditors Oversight Authority's Annual Report for the Year Ended 31 December 2021, and Audited Financial Statements for the year ended 31 December 2021.

Minister Ebanks said the insurance amendment proposes to introduce capital redemption contracts.

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