Wednesday 23 September, 2020

GraceKennedy executive now heads Key Insurance

Newly appointed general manager at Key  Insurance, Tammara Glaves-Hucey is an attorney-at-law and chartered insurer.

Newly appointed general manager at Key Insurance, Tammara Glaves-Hucey is an attorney-at-law and chartered insurer.

Key Insurance has announced changes to its management and board composition, with a former GK General Insurance executive at its helm and GraceKennedy Group CEO, Don Wehby as chairman.

GraceKennedy now owns 65 per cent of Key Insurance, following an offer in January that closed on March 2, making Key Insurance the newest member of the GraceKennedy Financial Group. 

Tammara Glaves-Hucey, formerly the Assistant General Manager – Personal Lines, Claims and Legal at GK General Insurance, has assumed the role of general manager at Key Insurance.

She replaces Sandra Masterton, who served as managing director up until March 24.

Glaves-Hucey, who also served as General Manager for GK Insurance Eastern Caribbean, is an attorney-at-law and chartered insurer. She holds a Bachelor of Laws degree and a Bachelor of Science Degree in Management Studies from the University of the West Indies (UWI).

Her experience in the local insurance industry spans 15 years, having worked as a claims manager at General Accident and Globe Insurance, before moving on to GK Insurance in 2013.

 

Kerry-Ann Heavens, newly appointed company secretary of Key Insurance

Meanwhile, Kerry-Ann Heavens, who served in GraceKennedy’s banking subsidiary, First Global Bank, has been appointed company secretary of Key Insurance. She replaces Treveen Little.

Heavens is an attorney-at-law, specialising in corporate finance having worked on private equity deals, debt financing arrangements, mergers and acquisitions, since being called to the Jamaican Bar in 2010, according to First Global Bank.

She is a graduate of the University of Cambridge, where she obtained a Master of Corporate Law degree as a Chevening Scholar.

Heavens also holds a Bachelor of Laws Degree as well as a Bachelor of Science Degree in International Relations and Public-Sector Management from UWI.

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Key Insurance’s board, which is now chaired by GraceKennedy CEO, Wehby, will see Natalia Gobin-Gunter (former Key Insurance chairman) and Masterton (former Key Insurance managing director) continuing as company directors.

Meanwhile, new board directors of Key Insurance, subject to regulatory approval include chartered accountant, Linval Freeman; chartered financial analyst, Kareem Tomlinson; First Global Bank CEO, Mariame McIntosh-Robinson; attorneys-at-law: Rochelle Cameron; Herma McRae and the newly appointed company secretary, Heavens.

The appointments follow the resignations of Neville Henry, Marc Ramsay and Kala Abrahams as directors effective March 31.

Wehby, in a statement on Thursday, advised that the new board will meet on April 7, to discuss and approve a two-year strategic plan and budget.

“We have four strategic drivers with clearly defined and measurable deliverables. They are sustained growth and innovation, consumer centricity, improved business processes for greater efficiency and performance-driven culture, underpinned by strong change management principles,” he disclosed.

“I am very confident that Key Insurance will be a great asset to the GraceKennedy Group, and I am looking forward to working with the new board and the staff of the company”, Wehby said

Listed on the Junior Market of the Jamaica Stock Exchange, Key Insurance was incorporated in 1982 and has steadily grown its customer base, with offices located in Kingston, Portmore, May Pen, Ocho Rios, Montego Bay and Mandeville.

The GraceKennedy Financial Group now comprises Key Insurance, Western Union, Bill Express, FX Trader, GK General Insurance, Allied Insurance Brokers, GK Capital and First Global Bank.

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