CIMA appoints head of insurance supervision


The Cayman Islands Monetary Authority (CIMA) has appointed Morag Nicol as acting head of the insurance supervision division.

Nicol has been engaged for a period of three months in this capacity. Part of her remit during this time will be to assist in the search for a permanent replacement for former head, Gordon Rowell, whose employment with CIMA ended in mid-April.

She previously worked with CIMA's insurance division from 1998 to 2007, including as deputy head of insurance for five years and head of insurance during 2006/07. She also worked with the Authority as an insurance consultant in 2009.

Before joining the Authority in 1998, Nicol gained ten years' experience in the insurance industries of the United Kingdom and the Cayman Islands.

Cindy Scotland, CIMA managing director, said: “We are very confident that Mrs. Nicol is the right person to assist the Authority in this transitional period. She is very familiar with the operations of CIMA, has a great deal of experience, and is well respected in the Insurance industry.”

CIMA, Morag Nicol, Cindy Scotland, Gordon Rowell

Cayman Funds