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The first recorded permanent inhabitant of the Cayman Islands, Isaac Bodden, was born on Grand Cayman around 1700. He was the grandson of the original settler named Bodden who was probably one of Oliver Cromwell's soldiers at the taking of Jamaica in 1655. The islands, along with nearby Jamaica, were captured, then ceded to England in 1670 under the Treaty of Madrid. They were governed as a single colony with Jamaica until 1962 when they became a separate British Overseas Territory and Jamaica became an independent Commonwealth realm. The island of Grand Cayman was hit by Hurricane Ivan on 11-12 September 2004, which destroyed many buildings and damaged 70% of them. Power, water and communications were all disrupted for a period of time as Ivan was the worst hurricane to hit the islands since 1932. However, Grand Cayman promptly engaged in a major rebuilding process, and within two years its infrastructure was nearly returned to pre-Ivan levels. The Cayman Islands currently enjoy one of the highest standards of living in the Caribbean region, aided by thriving tourism and banking industries. A dependency of Jamaica for many decades, in 1962 the Cayman Islands opted to remain under British rule when Jamaica became independent. The islands are now a British dependency, with a Governor and Legislature of elected members. Today the islands have a thriving economy based on the financial and tourism industries.
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