CINCO's CEO gets the boot
According to Cayman Islands National Insurance Company's board, Chief Executive Officer Lonny Tibbetts has been removed from his post.
“Unfortunately, as a result of information which recently came to the attention of the Board of Directors and which has been investigated, a decision was taken to terminate the employment of the CEO of CINICO, with immediate effect," said the board in a release on Monday.
The Board of Directors noted that it would not be making any further comments at this time.
CINICO currently provides insurance to more than 15,000 people in the Cayman Islands.