Plans are back on track for Caribbean Assurance Brokers’, CAB, regional expansion, Chairman and CEO Raymond Walker says, after months of delay ascribed to COVID-19 travel restrictions.
The brokerage is otherwise on track with its energy efficiency project, having achieved 85 per cent green energy coverage through the expansion of its photovoltaic system.
In an update on the CAB’s plans at the weekly Mayberry Virtual Investor Forum, Walker indicated that the company was intent on pushing ahead with the regional expansion of the 16-year-old brokerage, a goal that was initially disclosed in its prospectus when the company went public and listed in March 2020, one day before the first coronavirus case was detected on the island, but was now months away from executing its plan.
“Plans for expansion were stymied by COVID-19, but we are looking to put things in place and to start that project towards the end of the year, certainly into 2022. Right now, our focus is on Trinidad & Tobago, Guyana and Barbados,” he said.
Walker did not disclose CAB’s entry strategy into the new markets, but bragged at the forum that that the company was being hunted for partnerships by several underwriters and insurers.
https://jamaica-gleaner.com/article/business/20210611/caribbean-assurance-back-track-regional-expansion-plan
