Understanding Universal Life Policy | Insurance Commission of The Bahamas – Page 8

Janique Wilson is an established and experienced senior executive with nearly 20 years in the financial services industry. She is a graduate of St. Mary’s University, Canada, earning a Bachelor of Commerce degree in Finance. Mrs. Wilson’s professional qualifications include certifications from several recognized industry institutions, namely the Canadian Securities Institute, the International Compliance Association and the Association of Certified Anti-Money Laundering Specialists. Along with her many years in financial services, she began her career in accounting, working in both the technology and insurance industries.

Mrs. Wilson is currently employed at a leading Private Wealth Management company as the Head of Risk & Compliance and Money Laundering Reporting Officer. She is also a member of the institution’s Executive Committee.

Michael James Adderley is a veteran Bahamian insurance executive with over 40 years of public and private sector experience. He serves as a Commissioner on the Board of the Insurance Commission of The Bahamas and, since July 2024, as Chairman of the Government’s Consumer Affairs Prices Commission Board.

Mr. Adderley began his career at the National Insurance Board (NIB), where he advanced to senior roles, modernized the Accounts Department, and later returned as Deputy Chairman to lead strategic initiatives. Transitioning to the private sector in 1993, he joined Imperial Life Assurance, rising from Sales Representative to Branch Manager and then Sales Director at Colina Insurance after a merger. He led the country’s largest sales force, drove record earnings, and managed major corporate integrations.

At Family Guardian, he advanced to Vice President, expanded market reach, introduced succession planning, and implemented new technology systems while mentoring top-performing sales teams. He also contributed to BAF Financial’s modernization efforts and founded MicRegal Consultancy Services, advising on generational wealth.

Respected as a mentor and industry leader, Mr. Adderley continues to shape the sector through innovation, strategic planning, and leadership development.

Lourey C. Smith was educated at The University of the West Indies (Mona Campus) in Jamaica, where she achieved a Bachelor of Arts Degree with Honors and a Master of Science Degree in Economics before returning home to work with The Bahamas Government and then transitioning into Law under the pupillage of the late Winston Saunders. She was admitted to The Bahamas Bar in October 1986 and has extensive experience in Transactional Law involving Conveyancing, Mortgages, Contracts, Commercial and Corporate Structures, Business Ventures, Estate Planning and Administration and Intellectual Property. She is a past Director/Deputy Charmain of The Bank of The Bahamas, past Director of The Airport Authority and past Director of The Bahamas Protected Area Fund. She is presently the President/Director of The Exuma Foundation (Bahamas) Limited and a member of the Advisory Committee of The Moriah Harbour Cay National Park in Exuma.

Dana L. Munnings-Gray serves as the Acting Superintendent of Insurance at the Insurance Commission of The Bahamas. She has both regulatory experience and extensive industry knowledge in the financial services sector. A former Manager of the Supervision Department at the Securities Commission of The Bahamas, Mrs. Munnings-Gray has held various senior managerial positions with financial institutions in The Bahamas and The Cayman Islands, including head of risk and compliance and money laundering reporting officer.

Mrs. Munnings-Gray was called to the Bar of England and Wales as a member of the Honourable Society of Gray’s Inn, and to the Bahamas Bar as an Attorney in 2014. Mrs. Munnings-Gray holds both a Bachelor of Science and Arts in Political Science and Business Management from the College of Saint Benedict in Minnesota, United States, and obtained a Bachelor of Law – LL.B (Hons) from The University of Buckingham in England, while completing her Bar Professional Training Course at City University in London, England.

Mrs. Munnings-Gray recently served as a Financial Expert on the assessment team of the Caribbean Financial Action Task Force (CFATF), and is a Member of the Bahamas Bar Association, Association of Certified Fraud Examiners, Association of Certified Financial Crime Specialist, Association of Certified Anti-Money Laundering Specialist, and the International Compliance Association where she holds the designation of CFCS, CCCS, CAMS and MICA respectively. She also acquired a designation as a Certified International Risk Manager (CIRM), a Specialist Certification in Financial Crime Risk in Global Banking and Markets, Crypto Crime Compliance and currently occupies an observer status with The Bahamas Association of Compliance Officers (BACO). Mrs. Munnings-Gray has also completed regulatory and management training and certification with the International Organisation of Securities Commissions (IOSCO) and Harvard Law School, as well as with the London School of Economics.

Dwayne Mortimer was educated in The Bahamas and Ireland, where he obtained a Bachelor’s Degree in Hotel Management from Shannon College of Hotel Management, Ireland. After holding several managerial positions in both the UK and The Bahamas’ hotel industry, in 1993 he left the hotel industry to join the Finance Department of one of the major insurance companies in The Bahamas. It was during his time in the insurance industry that he qualified as a Certified Public Accountant in the State of Georgia. Mr. Mortimer has held senior executive positions in a number of industries including Healthcare, Insurance, Real Estate Development, Maritime and Hospitality. He currently serves as the President of Balmoral Club, a position he has held from 2010.

Dr. Keith Major, who previously served as a member of the Commission from 2012- 2015, is a motivational speaker, lecturer, counsellor, educator and business consultant. He is founder and president of Kits International and addresses individual’s self-motivation. Dr. Major attended Bahamas Academy and later graduated from West Indies College. He also earned a B. A. degree at Oakwood University in Alabama and was awarded an Honorary Doctorate from Sojourner-Douglass College, Maryland. He lectures at the Bahamas Institute of Financial Services in Supervision, Introduction to Business, Effective Presentations and English. He previously served as a member of the Board of Governors of Northern Caribbean University and on the Executive Committee for The Atlantic Caribbean Union of Seventh-day Adventists from 2010-2015

Dr. Major has worked in the insurance industry for over 40 years, having served as Vice-President of three insurance companies. In 2020 Dr. Major received the Lifetime Achievement Award for Managers by GAMA International. Dr. Major has served the Johnson Park Seventh Day Adventist Church as organist from an early age and hosted the television program VOICES. He has served Toastmasters International in various capacities including Club President and Division Governor of The Bahamas and has attained the highest designation of Distinguished Toastmaster (DTM).

Understanding Universal Life Policy | Insurance Commission of The Bahamas

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