Six jobs lost but new directors at local captive firm

| 29/01/2015 | 0 Comments

(CNS Business): Aon Captive and Insurance Management announced a number of structural changes to the Cayman office on Friday, where six jobs will be lost as a result of the moves, which was described by management as a “difficult decision”. Currently an office of 50 employees, Aon said in a short release that it has appointed three new directors, Howard Byrne, Gillian Owen and Janet Sairsingh, increasing the management team to six.

Cayman News Service

Adrian Lynch, Managing Director, Aon Insurance Managers (Cayman) Ltd.

The firm said that they would be responsible for leading a number of initiatives to strengthen the existing captive business.

“It is essential that we strengthen our operational excellence model in Aon Cayman to solidify our long-term commitment to our clients and to Cayman,” said Adrian Lynch, Managing Director, Aon Insurance Managers (Cayman) Ltd. “As the captive management industry continues to evolve, our obligations to continually drive up the standards of output for our Clients moves with it. Today’s announcement enables Aon Cayman to continue to attract and develop local and international talent as well as meeting the global and varied needs of our captive clients.”

He added, “This has been a difficult decision for Aon Cayman, however, we very much want to thank those six affected employees for their time, effort and hard work over the years and wish them luck with their respective futures.”

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Category: Finance, Financial Services

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