Old insurance chief to hold fort

Former Head of Insurance of the Cayman Islands Monetary Authority Morag Nicol has returned to the position in an interim capacity while the authority recruits a replacement for Albert Smith who vacated the post mid-March.

Mrs. Nicol worked with the authority from 1998 to 2007 before leaving to spend more time with her family. Mr. Smith, meanwhile, is leaving Cayman after a year’s service.

Mrs. Nicol came to the authority in 1998 with 10 years experience in the UK and Cayman insurance industries.

She is a chartered insurer, an associate of the Chartered Insurance Institute and a certified fraud examiner and holds a bachelor’s degree in mathematics and statistics.

The authority’s public relations officer Gayle Alleyne said a permanent insurance chief would be installed shortly.

‘After an extensive search locally and internationally,’ she said, ‘the authority is in the final stages of recruiting a new head of insurance.’

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