Blue Ocean Reinsurance Group names new CAO

Blue Ocean Reinsurance Group has introduced the appointment of Chad Smith as its new chief accounting officer.

Smith, who’s presently based mostly in Canada, brings greater than a decade of expertise to Blue Ocean and can head the accounting operate, providing his experience to each the group and purchasers.

A local of Charlottetown, Prince Edward Island, Smith accomplished his bachelor of enterprise administration in accounting on the College of Prince Edward Island in 2013, adopted by his certification as a Chartered Skilled Accountant (CPA, CA) in 2014. He started his skilled profession at Grant Thornton, a top-five accounting agency.

After gaining invaluable expertise in Canada, Smith relocated to the Cayman Islands in 2016, the place he broadened his experience throughout varied sectors, together with insurance coverage, personal fairness, {and professional} providers. He returned to Canada in 2020, persevering with his profession within the accounting subject.

Graham Mackay, president and chief monetary officer of Blue Ocean Reinsurance Group, expressed enthusiasm about Smith’s addition to the group.

“We’re delighted to welcome Chad to the Blue Ocean Reinsurance Group group,” he stated. “Chad brings various expertise throughout a spread of industries and a stable accounting background to help our subsequent part of development, predicated on underlying know-how that helps our finance platform. We’re proud so as to add him to our sturdy bench of specialists main our entry to the market.”

Smith’s appointment is a part of Blue Ocean’s strategic efforts to strengthen its management group because it embarks on new market initiatives.

Blue Ocean formally launched as a managing basic agent (MGA) platform in February earlier this 12 months, with CEO Adrian Lynch highlighting its mission of providing complete help providers to each current and new reinsurance firms coming into the Cayman market, in addition to to complicated captive insurers.

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