The new Insurance Managers Association of Cayman (IMAC) chair Linda Haddleton has revealed her goal is to focus on innovation in the captive sector and to “diversify this domicile’s remit”.
Haddleton, who started in her role as chair at the beginning of February, took over from Kieran O’Mahony, senior vice president and client services leader for Marsh Management Services Cayman.
Haddleton said: “We have accomplished much in the captive insurance industry, and Cayman is recognised as doing what it does in this space very well. But there are untapped industries and geographies that I think we can expand into.”
For the last two years Haddleton has served as vice-chair and legislative and regulatory committee chair for IMAC.
She added: “I have been a part of IMAC for decades and we are proud of the role we have played in Cayman’s development as a domicile for captives and other alternative risk transfer structures. I want to ensure this development continues well into the future.”
Haddleton also serves as managing director in the Cayman office of Artex International. In this role, she leads the Cayman office staff and operations, consisting of insurance-linked securities, structured transactions and captives.