News

Cayman First Insurance Company (“Cayman First”) today announced the appointment of Mr. Abraham Thoppil to the company’s Board of Directors, effective 17 January 2023.

Mr. Thoppil will serve as the Chair of the Corporate Governance Committee and as a member of the Audit Committee. As an Attorney, Certified Management Accountant and Chartered Engineer, he brings more than 30 years of legal, accounting and engineering experience to the Board.

“We welcome Abraham to the Board,” says Cayman First Chairperson, Alison Treco. “We are confident that his diversified expertise and relevant experience will add valuable perspective as we execute on our strategic plan to accelerate growth and drive shareholder value.”

As Law Reform Commissioner, former member of the Cayman Islands Financial Services Legislative Committee, and past President of the Caymanian Bar Association, Mr. Thoppil has over the years been called upon to assist in the drafting of various Cayman Islands laws, including legislation related to insurance, intellectual property, financial services, and local business licensing. He also serves as an Adjunct Lecturer at the Truman Bodden Law School and has been a guest lecturer at the University College of the Cayman Islands.

He joined Maples and Calder (Cayman) LLP in 1997, was elected Partner in 2013, and practised in the Funds & Investment Management group until his retirement from Maples in 2022.

Mr. Thoppil holds a Bachelor of Engineering degree in electronics and telecommunication engineering, Bachelor of Science (Business) and Master of Science (Management) degrees, a Juris Doctor degree and a Post Graduate Certificate in Cayman Islands Law. Mr. Thoppil is admitted to legal practice in the state of Massachusetts, USA, England and Wales, the Cayman Islands and the BVI. 

Mr. Thoppil joins six other Cayman First Directors who all carry a wealth of knowledge and experience from across a range of disciplines and industries, including insurance, healthcare, and finance. Together, the Board oversees the governance of the company in relation to its legal and regulatory requirements so that Cayman First can continue to earn the trust of its customers and its communities.

“Abraham’s extensive experience within the local business community, coupled with his knowledge of Cayman Islands law makes him an ideal person for this role,” says Roger Balkissoon, Managing Director at Cayman First. “As Cayman First looks ahead to its 40th year in business next year, I look forward to working closely with him and the Board to ensure Cayman First makes a positive impact for all its stakeholders, including the Cayman First family of employees, clients, brokers and providers.”