CG’s Naz Farrow will retire as Coralisle Group’s chief executive officer at the end of this year, the insurer’s board of directors announced today.

Yan Leclerc, CG Group chief financial officer and executive director, has been appointed CEO-designate, pending regulatory approval, to succeed Ms Farrow on January 1, 2027.

In addition to his role as group CFO, Mr Leclerc serves on the Coralisle Group board as an executive director. He has more than 20 years’ experience in the insurance and reinsurance industry and joined CG in 2020.

Grant Gibbons, chairman of CG, thanked Ms Farrow for her decades of service to the company. He said that during her tenure as CEO, CG expanded its presence across the Caribbean, rebranded the company’s identity and operations under the CG trade name, and embedded its people-first service philosophy throughout the organisation.

“Naz has been at the centre of our success over the past decade,” Dr Gibbons said. “While our performance is the result of across-the-board commitment to service by the entire CG team, Naz carried the flag and the results speak for themselves.”

Prior to her appointment as CEO in 2017, Ms Farrow was the chief operating officer of the group’s health insurance business.

“It has been an absolute privilege to be part of CG for the past 30 years,” Ms Farrow said.

She added that the company had played a leading role in delivering innovative insurance solutions and raising service standards across the Caribbean insurance industry.

“I am deeply proud of what we have achieved together and of the strong foundation we have built for the group's future,” Ms Farrow added.

“Our people-first approach, supported by the commitment of our board and employees, has enabled us to remain focused on our clients, navigate challenges such as the pandemic, and make a meaningful difference in our communities through initiatives like CG Pharmacy, which helps make prescription medications more affordable.

“My time with CG has been both demanding and immensely rewarding. As I prepare for retirement, I want to express my heartfelt gratitude to my colleagues, past and present.

“Their dedication, professionalism, and passion have been instrumental to our success. It has been a privilege to work alongside such an exceptional team, and I am confident that CG's future is bright.”