Caribbean Assurance Brokers Limited (CAB) has appointed insurance veteran Sheraley Bridgemen as its new CEO, relieving Chairman Raymond Walker of the dual role he has been playing since April 2023.

Bridgeman, who has spent the last 30 years climbing the corporate ladder in the insurance industry, officially took office at CAB on January 3.

She replaces Tania Waldron-Gooden, who, during her brief tenure with the company, restructured the finance department, carried out strategic promotions, hunted talent and placed CAB in a position to take advantage of opportunities.

CAB’s latest plans include the acquisition of a local insurance business in addition to expanding its services to at least four new English-speaking countries in the region, starting with initial prospects in Trinidad & Tobago, Guyana and Barbados.

The company plans to operate as wholesalers and establish firm strategic alliances with the entities as the retailers, using digital channels, all initiatives that are expected to be high on Bridgeman’s list of priorities.

Ahead of her appointment, Bridgeman last sat in the role of vice-president of business development and marketing at Guardian General Insurance Jamaica Limited. She also worked as property and casualty manager at CGM Gallagher before being promoted to vice-president of business development.

CAB has spent the past year actively recruiting candidates for senior positions in the nearly 20-year-old company, following the resignation of Tamika Becky, human resource and administration manager, on October 25, 2023.

Her resignation was followed by that of Heather Muirhead-Brown, general insurance manager, and then Shanique Thompson, chief financial officer, on November 15, 2023.