Cayman First Insurance Company announces executive appointments in leadership succession exercise

July 18, 2022

George Town, 18 July 2022 – The Board of Directors of Cayman First Insurance Company is pleased to announce the appointment of Roger Balkissoon, the company’s former Technical Manager, to succeed Warren Rolle as Managing Director. Mr. Rolle returned to The Bahamas in June after being named Group Senior Vice President & Chief Operating Officer at Bahamas First Holdings, the ultimate parent company of Cayman First, based in Nassau. Concurrently, the Board also announced the promotion of Jonathan Welds to Technical Manager.

As Managing Director, Mr. Balkissoon will lead the Cayman First executive team and provide strategic and operational leadership to oversee the company’s growth and innovation plans.

Mr. Balkissoon joined Cayman First in 2019 as Technical Manager. He has 30 years of diverse industry experience in business development, technical underwriting, training and managing teams and leveraging technology for greater efficiency. His wealth of experience has been gained through his work in Canada, Trinidad and the wider Caribbean. He holds a BSc in Sociology and Management and is a Fellow of the Canadian Insurance Institute (FCIP). He was elected to the Board of Directors of the Insurance Association of the Caribbean (IAC) in 2021.

“We are fortunate to have Roger take the helm of Cayman First,” said Mr. Rolle. “His broad-based international experience in the insurance industry and extensive leadership across both the strategic and operational functions at the company make him the ideal choice to drive Cayman First forward in this challenging but exciting time. We worked closely together over the past few years and I am confident that he will provide continuity of purpose for the company. I look forward to seeing the continued growth of Cayman First under his leadership.”

Commenting on his appointment, Mr. Balkissoon said, “I am honoured by this opportunity to lead Cayman First during a time that holds great opportunity for growth. I am grateful for the confidence the Board has placed in me and I look forward to working alongside the executive team to build on our current momentum. I see a very bright future ahead and I am eager to continue the journey.”

Mr. Welds has 12 years of insurance experience and has been with Cayman First since 2017. He holds the Advanced Diploma in Insurance (ACII) from the Chartered Insurance Institute and is pursuing a Fellowship. He is also currently pursuing the Associate in Risk Management designation.

“Jonathan has worked with us for more than five years and his appointment demonstrates our company’s ability to develop outstanding leaders from within,” said Mr. Rolle. “He is an exceptional talent and his expertise will be key to driving our technical strategy, service and support for our customers and business partners.

Mr. Welds added: “I’m delighted to step into this new role that will ensure technical excellence remains at the heart of our business. I look forward to contributing to the growth of the company during this important time for our industry.”