Harneys is a full-service offshore law firm offering expert legal advice on the laws of jurisdictions including the British Virgin Islands, Cayman Islands, Luxembourg, and more. Established in 1960, the firm has grown to 11 global locations with over 180 lawyers, serving top law firms, financial institutions, investment funds, and high-net-worth individuals. Harneys provides comprehensive legal support across transactional, contentious, and private client matters, often in collaboration with Harneys Fiduciary, which delivers corporate and wealth management services. Known for its role in shaping offshore jurisprudence, the firm also advises on legislative developments and excels in handling complex cross-border transactions and disputes.
On 14 October 2024, the Cayman Islands Monetary Authority (CIMA) updated its insurance regulatory measures under Section 34 of the Monetary Authority Act.
On 14 October 2024, the Cayman Islands Monetary Authority
(CIMA) updated its
insurance regulatory measures under Section 34 of the Monetary
Authority Act. These changes strengthen CIMA's capacity to
issue and revise critical rules, regulatory guidance and principles
focussed on governance, risk management, and policyholder
protection.
Clarifying licencing standards, business conduct expectations
and solvency requirements, the updates align local insurance
regulations with global standards, fostering a resilient and
transparent insurance sector.
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