The National Insurance Board met on Tuesday, September 16, 2025, using Microsoft Teams.
At this meeting, the Board Members:
1. Accepted the following reports:
- CEO’s Report September 2025
- Investment Manager’s August 2025 Variance Report
- 11th Actuarial Report Presentation
2. Approved the following:
Board Papers:
- Investment of $10 million in the Pretium Real Estate Debt Fund
- Appointment of Ms. Cherrie Ingham as Operations Branch Manager
- Writeback of accrued Survivor Spouses Benefit balance of $62,692.87 to be written back and removed from the financial statements as uncollected
3. Received the following Matters Arising Updates:
- National Insurance Audit Update: The Audit is substantially completed. The Auditors are primarily awaiting the Actuary’s report which was presented at the meeting and approved by the Board to be shared with the Auditors to facilitate the completion of their report.
- Cybersecurity Governance Framework: The Cybersecurity assessment has concluded. Several recommendations have been proposed by the consultants for consideration.
- Davyn Contract Extension: Documentation for the Davyn contract has been submitted to the Director of Contracts. The Board now awaits a decision.
4. Received the following Matters for Noting:
33rd CARICOM Heads of Social Security Meeting October 27–31, 2025: The Local and Regional Organizing Committees continue to work on the logistics of the event. Efforts continue to secure sponsors for select aspects of the event.
