Bank earnings across the Caribbean are down, as the region's lenders continue to struggle against a difficult economic backdrop. But there are still some bright spots, with a handful of banks managing to boost their asset base and retain impressive profitability.
The Cayman Islands are the world’s leading domicile for healthcare captive insurance companies and, with more than 700 such companies at the end of 2005, form the second largest offshore centre for captive insurance after Bermuda. The jurisdiction has experienced significant growth since the industry was created in the late 1970s.