home Grand Cayman, Cayman Brac and Little Cayman
comprise the group. The capital is George Town.
(SFEC, 2/16/97, p.T8) 1503
May 10, Columbus stumbled across the Cayman Islands and dubbed them
Las Tortugas after the numerous sea turtles.
(SFEC, 2/16/97, p.T8)(HN, 5/10/98)
1530 The Las Tortugas
Islands were renamed the Caymans, They were named after an
indigenous type of crocodile that no longer lives there.
1655 The three
Cayman Islands came under British control when Oliver Cromwell's
army captured nearby Jamaica from the Spanish.
1700 British settlers
began arriving to the Cayman Islands.
1863 The Cayman Islands
became a British Caribbean territory.
1959 Jul 4, Cayman Islands
separated from Jamaica and was made a crown colony.
1993 The Dart Corp.
brothers Kenneth and Robert renounced their US citizenship to avoid
US income taxes and set up shop in the Cayman Islands.
(WSJ, 12/5/97, p.A1)
1996 A 330-foot Russian
destroyer was sunk in 60 feet of water off Cayman Brac as an
attraction for scuba divers.
(SFEC, 2/14/99, p.T12)
1997 Dec 12, The Cayman
Islands told the Norwegian Cruise Line that a chartered
910-passenger ship of gay people would not be allowed to dock.
(SFC, 1/7/98, p.A8)
2003 Dec 18, The Cayman
Islands banned fishing in grouper spawning areas for eight years,
citing a sharp decline in the species' population. The ban took
effect of Dec 29.
2004 Sep 13, In the Cayman
Islands officials estimated one-quarter to one-half of Grand
Cayman's 15,000 homes were damaged by fierce winds and flooding from
Brittain-Catlin authored “Offshore: The Dark Side of the Global
Economy." It focused on the Cayman Islands, the 5th largest banking
center in the world.
(SSFC, 7/10/05, p.E3)
2006 Nov, Thousands of
tiny parasitic wasps were released in the Cayman Islands to combat
an island-hopping insect that has destroyed crops throughout the
Caribbean. Mealybugs have destroyed millions of dollars in crops and
ornamental plants across the Caribbean since they were first
reported in the Western Hemisphere, in Grenada in 1994. They reached
the US Virgin Islands in 1997, and Puerto Rico a year later.
2007 Feb 24, The Cayman
Islands were cited as the world’s 5-th largest banking center with
$1.4 trillion in assets.
(Econ, 2/24/07, SR p.4)
2008 May 4, In the Cayman
Islands 5 captive Grand Cayman Blue Iguanas, critically endangered
lizards that resemble miniature turquoise dragons, were found
scattered across a breeding park in the British dependency after
they apparently were stomped and gouged.
2008 Aug 29, Tropical
Storm Gustav drenched Jamaica, killing at least 4 people, and rolled
over the Cayman Islands with fierce winds that tore down trees and
power lines, setting off alarm from Cuba to New Orleans, and at gas
pumps across the US.
(AP, 8/29/08)(AP, 8/30/08)(SFC, 8/30/08, p.A3)
2008 Sep 30, The Cayman
Islands announced plans to scuttle a decommissioned US Navy ship to
create an underwater attraction for scuba divers and snorkelers.
2009 May 14, The OECD
ruled to keep Britain’s Cayman Islands on its list of un-cooperative
(Econ, 5/23/09, p.41)
2009 May 20, The Cayman
Islands elected a new government.
(Econ, 5/23/09, p.42)
2010 Feb 14, British
author Dick Francis (b.1920), a former jockey whose thrillers rode
high in best-selling lists for decades, died at his Caribbean home
in Grand Cayman. His first book was a 1957 autobiography titled “The
sport of Queens." His first novel, “Dead Cert," came out in 1962 and
was followed by 41 more.
2010 Apr 12, A British
scientific expedition said it has discovered the world's deepest
known underwater volcanic vent off the Cayman Islands.
2011 Jan 5, The USS Kittiwake,
a decommissioned 1945-vintage submarine rescue ship, was scuttled in
the clear Caribbean waters of the Cayman Islands, where officials
say the sunken vessel will attract fish and tourists.
2012 Aug 6, Cayman Islands
Premier McKeeva Bush scrapped a plan to impose a direct tax on
expatriates working in the British territory, which owes much of its
prosperity to its famed role as a no-tax financial center.
2012 Dec 11, Premier McKeeva
Bush (57), the leader of the Cayman Islands' government, was
arrested on suspicion of theft, abuse of office and breach of trust
in the famed Caribbean tax haven.
2012 Dec 18, Cayman Islands
Premier McKeeva Bush was removed from office over his arrest on
(SFC, 12/20/12, p.A2)
2012 Dec 19, The
British-appointed governor of the Cayman Islands named Julianna
O’Connor as the territory’s new premier.
(SFC, 12/20/12, p.A2)
2013 Jan 9, Argentina’s ARA
Libertad naval ship returned home from Ghana after being held there
on a claim by a Cayman Islands-based hedge fund.
(SFC, 1/10/13, p.A2)
2013 May 2, Britain’s
Chancellor George Osborne said tax havens such as Bermuda and the
Cayman Islands will work more closely with Britain and other
European countries to fight tax evasion.
2013 May 23, Election officials
in the Cayman Islands said the opposition party has won nine of 18
seats, one short of a majority needed to control the British
territory's legislature. Ousted former Premier McKeeva Bush was
re-elected to the West Bay seat he has held since 1984.
(AP, 5/23/13)(Econ, 5/25/13, p.35)
2013 Jun 15, Britain clinched a
deal with its major offshore tax havens on Saturday that will see 10
British overseas territories and crown dependencies sign up to
international protocols on information sharing. Those included were
Bermuda, British Virgin Islands, the Cayman Islands, Gibraltar,
Anguilla, Montserrat, Turks and Caicos Islands, Jersey, Guernsey and
the Isle of Man.
2013 Aug 15, The Cayman Islands
said it has concluded negotiations with the US on pacts to report
information on accounts of American citizens.
(SFC, 8/16/13, p.A2)
2013 Nov 5, Britain signed an
information-sharing agreement with the Cayman Islands, one of its
overseas territories, to help British authorities improve tax
2013 Nov 29, The US Department
of Treasury said in a statement that the Cayman Islands, a British
territory, will share tax information about US account holders with
the US Internal Revenue Service.