The Insurance Managers Association of Cayman (IMAC), the body representing the international insurance industry in the Cayman Islands, at its Annual General Meeting in early December, confirmed the appointments of new board positions for 2024.
The Executive Committee will be Chaired by Kieran Mehigan, with James Trundle serving as Vice Chair. Mike Scott will serve as Treasurer, and Erin Brosnihan will serve as Secretary.
IMAC has several active committees focusing on different key functions.
The Cayman Captive Forum Committee will be Chaired by Alanna Trundle. The Forum just celebrated its 30th year in November 2023 with close to record-number attendees.
The Marketing Committee, who focus on expanding the Association’s local and international reach, is Chaired by Martin Cooke.
The Education & Social Committee will be co-chaired by Heather Deveau and Joni Steffen.
The IMAC Educational Scholarship Foundation (ESF) will be Chaired by Lesley Thompson, IMAC’s past Chair. The ESF has successfully raised more than $5 million, enabling IMAC to support 65 young Caymanians in pursuing higher education internationally, till date.
Paul Macey appointed as the Chair of the Legal & Regulatory Committee, joined by Clayton Price, and Jenny Pooley will serve as the IMAC Office Oversight.
Mehigan commented, “I am looking forward to everything we’ve planned for 2024. IMAC and our members are dedicated to working together with other stakeholders within Cayman’s financial services industry to continue representing our growing industry both locally and internationally. I also want to thank Lesley Thompson, the previous IMAC Chair, for her dedication to our Association’s mission.”
The IMAC also liaises with the government and the regulator on the industry’s behalf and promotes innovation and international competitiveness to maintain Cayman’s advantageous market position.
The Cayman Islands is the second-largest domicile in the world for captives and a dominant jurisdiction for healthcare captives, group captives, catastrophe bonds and international reinsurance.
