Over $3.1 million raised
38 Students assisted to date
Scholarships of up to US$ 40,000 p.a. for 4 years
The Fund has charitable status since 2010
Audited by KPMG
Since 1994 the Insurance Managers Association of Cayman has been educating young Caymanians through its Educational Scholarship Trust Fund. It provides needs-based scholarship and is available to students pursuing any course of study. The IMAC Scholarship has raised over $3.1 million and, as at July 2016, is providing the funding for 13 students to pursue their overseas college educations, and has sent 38 Caymanian students to complete post-secondary education.
Applications are considered for any course of study at an accredited university, as long as the applicant has met the required academic criteria and has been accepted into their programme of choice. The only requirement other than maintaining requisite grade-point averages is that the students return to Cayman to pursue careers in their respective fields. The merits of each applicant are considered, with an emphasis on the availability of alternative financial backing. Preference is given to those students who might not be able to pursue their career goals without outside support. The financial package offered is significant - US $40,000 annually - and is intended to cover the majority of the cost of tertiary education, giving scholars the opportunity to focus on their studies and gain as much as possible from their academic experiences.
The Fund is supporting the following full time students at July 2016
Whitney General – Medicine at Bristol University
............................. Aaron Farrington – Psychology at Plymouth University Kayla Solomon – Early Childhood Studies at the University of Portsmouth Ashli Welcome – Veterinary Medicine at Szent Istvan University in Budapest
............................. Amy Thompson - Hospitality Management at Portsmouth University Miriam Mascal - International Business at University of Tampa Leshontae Missick - Medicine at International American University in St. Lucia Julian Jervis - Biology at St. Lawrence University, New York
............................. Mya Scotchman – Psychology at Plymouth University Martynna Berry – Communication and Media Studies at Carleton University Shantelle Ellis – Tourism Management at University College Birmingham Alexandra Artuch – English Literature at the University of East Anglia Katlen Bush - English Education - Indiana Wesleyan University
July 2016 Update
Chloe Tathum graduated with a BSc degree in Movement Science at Penn State University. Chloe will work for the Dart organization locally for a year or so before pursuing a Masters qualification.
Erica Powell graduated from Florida International University with a Bachelor's of Science in Early Childhood Education w/ ESOL (English for Speakers of Other Languages) endorsement. She graduated with Honors: Summa Cum Laude. She is now a Teaching Assistant at St. Ignatius Catholic School.
December 2015 Update
Freddy Diaz is employed at Cayman 27 as a Commercial Producer and Newscast Director since October 2015, having successfully completed an MA in Digital Media at London Metropolitan University in September and is happy to be back in Cayman.
June 2015 Update
In June 2015 Brittany Borden graduated with a first class degree in Business Administration from Brock University, Ontario and Sheena Jackson gained a BSc degree in Information Technology Management for Business at the University of Sheffield.
April 2015 Update
Chloe Tathum received a full scholarship with Penn State to continue on another four years after graduation in 2016 to receive her PhD.
December 2014 Update
Laveda Burton is now a relationship manager at Butterfield Bank.
September 2014 Update
Priscilla Brown, has just graduated from the University of South Florida with a BSc degree in Business Management. She graduated with Summa Cum Laude distinction with an overall GPA of 3.91. She is spending the next 4 months working with IMAC as Assistant to the General Manager gaining experience in event management and various association matters.
Brittany Borden is now working full time with Marsh Management Services (Cayman) Ltd. She is currently completing her last course remotely and expects to graduate in a couple of months.
July 2014 Update
The Fund received 52 applications this year and the directors conducted 38 interviews over a 3 week period. IMAC is currently supporting 10 students at university courses overseas with 2 of those students set to graduate this Summer. The IMAC Educational Scholarship Fund has recently awarded 3 full scholarships. The recipients are:
Kayla Solomon – who will study for a degree in Early Childhood Studies at University of Portsmouth. Aaron Farrington – who will study Psychology at Plymouth University. Ashli Welcome - who will study Veterinary Medicine at Szent Istvan University in Budapest.
2014 Scholarship Awards: Front Row L-R: Ashli Welcome, Aaron Farrington, Kayla Solomon. Back Row L-R: John Pitcairn, Linda Haddleton, Merta Day, Mike Bowerman.
July 2014 Update
Chairman John Pitcairn advises that currently the fund is supporting the following full-time students: Brittany Borden - Business Administration at Brock University, Ontario.(2010 Tom Clark Scholarship recipient) Sheena Jackson – Studying Information Technology Management for Business at the University of Sheffield (2011 Tom Clark Scholarship recipient) Priscilla Brown – Business Management at University of South Florida in Tampa Whitney General – Medicine at Bristol University Chloe Tathum – Movement Science at Penn State Erica Powell – Early Childhood Education at Florida International University Aaron Farrington – Psychology at Plymouth University Kayla Solomon – Early Childhood Studies at the University of Portsmouth Ashli Welcome – Veterinary Medicine at Szent Istvan University in Budapest
George Town, Grand Cayman: 18 January 2017
The Cayman Islands insurance management industry enjoyed remarkable success in new captive, international insurance and reinsurance and life and annuity company formations during the 4th quarter of 2016, with a tot...