Knighthead Annuity Welcomes Vernie Coe as Anti-Money Laundering Compliance Officer

GEORGE TOWN, Cayman Islands, Feb. 26, 2018 (GLOBE NEWSWIRE) -- Knighthead Annuity & Life Assurance Company™ today announced the addition of Vernie Coe as Anti-Money Laundering Compliance Officer and Deputy Money Laundering Reporting Officer.  Working with the other members of the Knighthead Annuity’s existing executive team, Mr. Coe will oversee the company’s anti-money laundering policies and procedures to ensure continued compliance with the laws and regulations of the Cayman Islands.

Mr. Coe joins Knighthead Annuity from a similar role at RBC Trust Co. (Cayman) Ltd.  He also previously worked in both the Investment and Securities Division, as well as the Compliance Division, at the Cayman Islands Monetary Authority.  Mr. Coe has over 13 years of financial industry experience in the area of compliance.

Mr. Coe commented, “I am thrilled to be joining Knighthead Annuity in this increasingly significant role in today’s regulatory environment.  This is an excellent opportunity to be a part of a collegial and professional work environment at a growing global company headquartered in the Cayman Islands.”

Nate Gemmiti, Chief Operating Officer at Knighthead Annuity noted, “We are pleased to welcome Vernie onboard to lead Knighthead Annuity’s anti-money laundering efforts.  The addition of an individual with both industry and regulatory experience adds significant value to the robust operations of the company.” 

About Knighthead Annuity

Knighthead Annuity & Life Assurance Company™ is an AM Best rated insurer that offers fixed annuities to international clients through regulated institutional distribution partners and reinsurance of fixed liabilities to other insurers.  Additional information about the company can be found at www.knightheadannuity.com.

Contact

Nathan V. Gemmiti:  (345) 623-0300 | info@knightheadannuity.com

Knighthead Annuity is not licensed to sell products in the United States.  It is licensed by the Cayman Islands Monetary Authority.  Its products are not offered for sale to any resident or citizen of the United States, in the United States or in any other jurisdiction where distribution or use would be contrary to law or regulations.  Prospective purchasers should obtain independent financial, legal and tax advice to ensure suitability and adherence to any local regulatory requirements.  Ratings are effective June 28, 2017.  For up to date rating information visit www.ambest.com.