Scott heads for the golf course

(CNS): Cayman First has announced that President & CEO Danny Scott, a long time leader in the Cayman Islands’ insurance industry is retiring after more than twenty five years with the firm. His association with the company dates back to its inception in 1984 as Cayman General up to the most recent rebrandingto Cayman First following the acquisition by Bahamas First Holdings Limited. Scott will officially retire on 31 December after more than four decades in the Insurance Industry. Michael Gayle who has served as Cayman First’s Senior Vice President for the past three and a half years, has been appointed the new General Manager.

Scott is the former President of the Cayman Islands Insurance Association (CIIA); Past Director of the Insurance Association of the Caribbean (IAC) and serves on several boards including the Cayman Islands Business Staffing Plan Board of which he is currently Chairman.

He was also the Chairman of the Board of Governors for the Community College of the Cayman Islands which became the University College of the Cayman Islands under his chairmanship. Scott will also continue to serve as Deputy Chairman of the Board of Cayman First.

Since Sagicor General Insurance was acquired by Bahamas First in June this year Scott and his senior management team have focused on ensuring a smooth transition for the company’s valued customers and staff and introducing the new Cayman First Insurance Company Limited brand to the market.

“I feel a great sense of accomplishment that the Bahamas First acquisition and the implementation of the new Cayman First brand were both executed seamlessly,” remarked Scott. “I believe it’s now time to take the company to a new level and it is with great confidence that I hand over the reins of Cayman First as a financially strong, stable and customer centric company to my colleague Michael Gayle who has contributed considerably to the leadership team. After so many years in the insurance industry here in Cayman, I am looking forward to retiring and improving my golf handicap.”

Gayle who will step into Scott’s boots is a seasoned insurance veteran with more than 30 years of regional industry experience, including the negotiation of key reinsurance arrangements. An invited guest speaker at a number of International conferences Gayle has been a guest lecturer on various insurance topics at the University of the West Indies (UWI) and the University of Technology (UTech) in Jamaica, and has lectured students both in Jamaica and in Cayman, who are preparing for their professional insurance examinations He is a past Director of the Insurance Institute of Jamaica, a former President of the Cayman Islands Insurance Association and currently serves as its Vice President.

“Danny has been a guiding light for the company for many years” said Gayle. “His experience, business acumen and, not to mention, his legendary humour shall be greatly missed by management, staff and customers alike.”

“I look forward to the challenge of leading the management team at Cayman First and I am very excited and positive about our future,” he said. “We are committed to remaining at the forefront of the Cayman insurance market by providing our customers with high quality products and exceptional service. The year ahead will see us step up this commitment as we continue to enhance our internal systems to deliver market responsive products to our clients and to support our broker partners.”