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Last Created: Mar 11, 2010
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As we approach the end of the first quarter in 2010, the economic picture is starting to show signs of much needed improvement however, at Cml Offshore Recruitment we understand that for those still out of work it is difficult to believe recovery is in sight. As a company we are expecting recruitment levels in the Cayman Islands and the rest of the Caribbean to improve but we still need to be realistic about the pace with which it will happen. Working in the Administration and Support Services department for the biggest global offshore recruitment company gives me a keen insight into the office and support market, and as a department we have been busy since the New Year celebrations ended. 
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Growth of and consolidation amongst the offshore legal firms in the first quarter of 2010 has been dramatic.
 
First there was news on January 11 that Appleby were to open a Guernsey office through the hiring of a four-strong team from the leading Guernsey practice Ozannes, thereby giving Appleby a presence in both of the Channel Islands.    
 
Just a week later on January 18 it was revealed that another of the Offshore Magic Circle firms, Conyers Dill & Pearman, also intends to establish a presence in Guernsey this year, whether by merger, acquisition or building an office from scratch.
 
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… the more they stay the same. So goes the old saying.
 
Recently the Cayman Islands Government released a quasi-legislative set of “Directions” providing guidance in the application of the Immigration Law in relation to financial services.
 
First to clarify the standing of this document in relation to the law. The
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Brent Fuller (Archive Image)Newspapers are always being criticised for sensationalising banal news stories.  And what better way to add a dash of spice than to invoke a timeless folksy exclamation

Personally I'm hoping this is the start of a trend that catches on all across the western hemisphere.  Here's a selection of newspaper headlines from around the world I've taken the liberty of adapting.  I think you'll agree, folksiness is the new Hamburger Helper of headline journalism.

Cripes!  Brown on course to win el...

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One of the reasons cited that the Cayman Islands is a popular relocation destination for Commonwealth candidates is that it is an English speaking country.  Or so you might think!
 
I’m fascinated by the idiosyncrasies of regional dialects. Some may allege that this is because I am a pedant by nature. It’s true, imperfections irritate me. But I guess, when it comes to language, one man’s fish is another man’s poisson. 
 
T...
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This week saw the February 2010 Coffee Cake and Careers evening held at the Cml Offshore Recruitment Cayman Islands office.  I had the pleasure of speaking with some fantastic candidates. Discussing future career plans and higher education plans with the help of the guys from UCCI. Oh and of course we all ate lots of cake.  
 Quite a number of people asked me what they needed to prepare in order to get started with an agency and more specifically the administration and support services team at Cml Offshore Recruitment.   I thought I would cover as much as I can here for all you internet surfers so you can be fully equiped for your search.
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 Friends and Family

I have mixed emotions about the arrival of my family in the Cayman Islands this week to visit me. On one hand it’ll be great to spend time with them enjoying all of what Cayman has to offer, but on the other I feel unsure of how things will pan out, living on top of each other for 2 weeks solid. Having left home some 12yrs ago I am now more than able to control the going’s on in my own home. If I want a cup of Tea I’ll make myself one, if I want a Sandwich I’m more than able to butter two slices of bread, if I want a shirt ironed….. well, OK you can do that for me if you want to.

Living on the other side of the pond presents lots of wonderful opportuni...

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According to a very experienced captive insurance manager in Cayman, the outlook for the industry for 2010 in comparison to 2009 is “fair to good”.

Captive insurance companies are insurance companies formed by its parent group with the specific objective of financing risks emanating from their parent group. A business forms its own insurance company subsidiary to insure itself against retained losses in a formal structure.
 
Bermuda ...
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Cayman’s first ever Winter Olympian, Dow Travers, is the son of Cayman Islands Stock Exchange Chairman, Anthony Travers. Whilst his father navigates our financial services industry through the recession, white lists and attacks on our reputation, Dow will navigate the white powdery slopes in Vancouver for all of Cayman.
 
Dow was born in Grand Cayman, but went to boarding school in the UK as a teenager. His love for skiing began on his annual family vacations to Colorado and he’s not the only one, his two younger brothers Dillion and Dean are also avid skiers.
 
Being from a tiny, tropical, and very flat island, he ...
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I saw the New Year in with a BBQ by the sea, feeling very settled in my new home. 2010 was going to be the best year I could just feel it. The countdown to midnight, watching the amazing fireworks at the Ritz Carlton and champagne in hand, I couldn’t be happier.  To celebrate my husband and his friends decided to take a dip in the sea, it was around 20 minutes into 2010 when we realized our house and car keys were floating somewhere on their way to Cuba.
 
 
 
 
We spent the first few hours of the New Year me...
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Cayman Indoor Football World Cup 2010

This coming weekend marks the Annual Cayman Indoor Football World Cup at Kings Sports centre. Consisting of 16 Teams across 4 Groups, the Tournament is fantastic weekend of hotly contested indoor football and showcases some of the Islands brightest talent and in some cases, one’s inability to keep up with some of those 10yrs younger than them. Countries represented in the Tournament include England, Scotland, Ireland, Cayman, Jamaica, India, USA, Canada and a mixed Brazil / Portugal team. This is just another example of what Cayman has to offer in terms of competitive sporting activities throughout the year. The Tournament is screened live over t...

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The sleepy offshore employment market continues to rouse itself in the wake of increased perceptions of economic recovery across the globe.
The mood of the employers is shifting to a more emphatic “cautiously optimistic” as business continues to flow in though the door. A number of employers have expressed surprise at the speed of the recovery, but the message is clear, investors seem once again willing to step away from the sidelines and into the fray.
The Cayman Net News today announces the official grand opening of Intertrust Cayman, a global trust and corporate services company and the newest member Cayman’s business community. The o...
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Okay, I’d better be honest with you from the start, because that’s the kind of person I am. I agreed to produce this article describing my experience as an auditor in Cayman over the last 15 months for my friends at CML in exchange for a lot of beer. I would much rather be spending my weekend in the usual fashion on the beach at Royal Palms or Calico Jacks with my mates.
 
Once I’d gotten the exams out of the way (first time passes by the way!) I’d already started to think about what I wanted to do at the end of my three years of working for a mid tier audit firm in the UK. The idea of working abroad for a period appealed strongly as I’d missed out on having a GAP year between the end of University and the star...
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