Caribbean Assurance Brokers snags investment banker Waldron-Gooden

Caribbean Assurance Brokers Limited (CAB) has advised that effective October 1, 2020, Tania Waldron-Gooden has been appointed its deputy chief executive officer.

A Caribbean Assurance Brokers agent office in Brown’s Town, St Ann in Jamaica. (Photo: Caribbean Assurance Brokers Limited)

This follows Waldron-Gooden’s resignation from her post as director of investment banking at Mayberry Investments Limited effective September 30, 2020.

CAB, an insurance company, is headed by founder Raymond Walker who is its controlling shareholder, chairman and chief executive officer.CAB further advised that Waldron-Gooden is also a member of its board of directors.

Her Linkedin profile says she is skilled in portfolio management, risk management, corporate finance, strategic planning, and securities.
At Mayberry she was appointed to the board of directors on October 30, 2017, 11 years after joining the investment company as a management trainee.

Chairman and CEO of Caribbean Assurance Brokers Limited, Raymond Walker

Waldron-Gooden rotated through several departments including research, asset management, equity trading and corporate finance.
The investment specialist holds a Bachelor of Science degree in Geology from the University of the West Indies and a Master of Business Administration degree from the University of Sunderland in the United Kingdom.

Waldron-Gooden is also a director and mentor of a number of junior market companies including Derrimon Trading Company Limited, Main Event Entertainment Group Limited, Express Catering Limited, and Caribbean Flavours and Fragrances Limited.

She was recently appointed to serve on the board of Chicken Mistress Limited and Island Grill Holdings Limited.

Waldron-Gooden was one of the brokers handling Caribbean Assurance Brokers’ initial public offer for listing its ordinary shares on the Jamaica Stock Exchange’s (JSE’s) Junior Market in March 2020 after raising equity capital of J$100 million.

CAB itself was incorporated on June 13, 2005 and, under authorisation from the FSC, is a facultative placement broker, to place risks under the international health insurance programme (ICHIP), with specified overseas insurance providers.

CAB has four divisions, namely international insurance, employee benefits, general insurance and individual life insurance.
As indicated in the prospectus,  in the nine-months 2019 period ended September 30, 2019, CAB  earned gross revenues of $336.1 million compared to J$328.1 million in the prior comparable nine-month period.

CAB had profit before tax of $71.3 million for the nine months of 2019 compared to $91.9 million for 9 months 2018, 22.32 per cent decrease year over year.