Vanguard Risk Solutions, a provider of general and health insurance brokerage services in the Cayman Islands, has appointed Andrea Balderamos as CEO, following approval from the Cayman Islands Monetary Authority and the successful final closing of Vanguard’s acquisition of the business operations of Baldermos Insurance Services Limited.
In a press release, Vanguard Risk Solutions said Balderamos succeeds Tom Gammage, who steps down after six years of service as CEO. During his tenure, Gammage played a pivotal role in strengthening Vanguard’s position as a trusted and respected insurance brokerage within the Cayman Islands market, and he will continue to support the business in a consulting capacity, to support a smooth leadership transition and ensure continuity for clients, employees and key stakeholders.
Balderamos said, “I am pleased to assume the role of Chief Executive Officer at Vanguard Risk Solutions at an important point in the organisation’s development. Vanguard has established a strong platform defined by professionalism, service excellence, and a client-centric approach.”
She added, “I would like to acknowledge and thank Tom Gammage for his leadership and commitment over the past six years, which have been instrumental in building a robust and well-positioned business. I look forward to working closely with the board and the wider team to build on this foundation, advance our strategic objectives and deliver sustainable long-term value for our clients and stakeholders.”
The appointment follows Vanguard Risk Solutions’ recent acquisition of Balderamos Insurance Services Limited, a transaction that will strengthen Vanguard’s market position and accelerates its long-term strategic objectives, said the release.
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