Update: New CAB CEO found, but position won’t be filled until January

A new chief executive has been found for Caribbean Assurance Brokers Limited, but the candidate won’t take up the position until January.

Executive Chairman Raymond Walker, who has been holding down the fort since the resignation of former CEO Tania Waldron-Gooden in April, said the replacement was selected from 30 applicants.

The recruitment was handled by consultant BDO Jamaica, but the job contract still awaits the individual’s signature. The person has not been identified.

“We were hoping that the individual would have been in office before the end of the year, so that come January he/she would be up and running. But the person is not able to start before January because they have to give proper notice,” Walker told the Financial Gleaner.

Waldron-Gooden left to take up a new job as CEO of Island Grill.

The insurance brokerage was in expansion mode at the time and the incoming CEO is expected to push ahead with plans to enter regional markets, starting with initial prospects Trinidad & Tobago, Guyana and Barbados.

Walker said the company plans “to operate as wholesalers and to establish firm strategic alliances with the entities as the retailers”, using digital channels.

“They will be responsible for the actual distribution along with advertising, and we will do the claims or adjudications here in Jamaica,” he said.

But for “virgin” markets such as Guyana, the strategy might be different, Walker added.

“Depending on the infrastructure there we may have a physical location, but the other territories that we are dealing with so far they have the necessary infrastructure in place,” he said.

karena.bennett@gleanerjm.com

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CORRECTION: This article has been updated to show that the consultancy involved in the selection was BDO and not PricewaterhouseCoopers.